<SEC-DOCUMENT>0001554855-21-000183.txt : 20210506
<SEC-HEADER>0001554855-21-000183.hdr.sgml : 20210506
<ACCEPTANCE-DATETIME>20210505212454
ACCESSION NUMBER:		0001554855-21-000183
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		49
CONFORMED PERIOD OF REPORT:	20210505
FILED AS OF DATE:		20210506
DATE AS OF CHANGE:		20210505

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:		21895433

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

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin-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>
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<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>
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<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>
<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;">o</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">f 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;">t</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">o 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';">May</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; border-bottom: 0.75pt solid #000000; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Translation of Registrant&#8217;s Name into English)</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; -aw-import: ignore;">&nbsp;</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;">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;">f</font><font style="font-family: '33dgm,Bold'; font-weight: bold;">loor</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; border-bottom: 0.75pt solid #000000; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Address of Principal Executive Offices)</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: 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;"><font style="font-family: Calibri; -aw-import: ignore;">&nbsp;</font><font style="font-family: Calibri; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; line-height: 115%; font-size: 13pt;"><font style="font-family: 'times new roman', times; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; line-height: 115%; font-size: 13pt;"><font style="font-family: 'times new roman', times; font-weight: bold;">TABLE OF CONTENTS</font><br></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 13pt; text-align: center;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 10pt;">ITEM</font></p>
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<td style="width: 89.168%; height: 33px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font>
<h4 style="vertical-align: middle; text-align: center;"><br></h4>
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<td style="width: 8.00312%; text-align: center; height: 34px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">1.</font></td>
<td style="width: 89.168%; height: 34px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bppp1_KYKBD2D25C00000000000000000000">Parent and Consolidated Interim Financial Information as of and the Three-month period Ended March 31, 2021 and Report on Review of Interim Financial Information</a></font></td>
<td class="bmpageno" style="width: 2.58379%; height: 34px; font-family: 'times new roman', times; font-size: 10pt; color: #ffffff;">2</td>
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<td style="width: 8.00312%; text-align: center; height: 17px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.</font></td>
<td style="width: 89.168%; height: 17px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bqq1_CHH60XUXYO00000000000000000000">1Q21 Earnings Release</a></font></td>
<td class="bmpageno" style="width: 2.58379%; height: 17px; font-family: 'times new roman', times; font-size: 10pt; color: #ffffff;">131</td>
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<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>
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<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>
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<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;">In</font><font style="font-family: 'Times New Roman'; font-style: italic;">terim</font><font style="font-family: 'Times New Roman'; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-style: italic;">Financial </font><font style="font-family: 'Times New Roman'; font-style: italic;">Information</font><font style="font-family: 'Times New Roman'; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-style: italic;">as of and </font><font style="font-family: 'Times New Roman'; font-style: italic;">the </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;">Three-month Period</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;">March</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;">, 202</font><font style="font-family: 'Times New Roman'; font-style: italic;">1</font><font style="font-family: 'Times New Roman'; font-style: italic;"> 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 </font><font style="font-family: 'Times New Roman'; font-style: italic;">Interim </font><font style="font-family: 'Times New Roman'; font-style: italic;">Financial</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;"> 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>
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<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>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; color: #ffffff;" class="pageno"><font class='pageno'>1</font></font></td>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 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; line-height: 2.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. and&nbsp;Subsidiaries</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0px; color: #000000; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bppp1_KYKBD2D25C00000000000000000000" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Parent&#8217;s Separate&nbsp;and Consolidated</font></a></div>
<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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 18pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Interim&nbsp;Financial&nbsp;Information</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 18pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of and&nbsp;the&nbsp;Three-month Period&nbsp;Ended&nbsp;March&nbsp;31, 2021&nbsp;and 2020&nbsp;&nbsp;</font></p>
&#8203;
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<tr style="height: 10px;">
<td style="height: 10px; width: 253px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a>
<h4 style="vertical-align: middle; text-align: left;">Table of Contents</h4>
</td>
<td style="height: 10px; width: 38px;">
<h4 style="vertical-align: middle; text-align: center;"><br></h4>
</td>
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<td style="height: 17px; width: 253px;"><a href="#BA_BEBS04EL3400000000000000000000">Report on the Review of Quarterly Information</a></td>
<td style="text-align: right; height: 17px; width: 38px;">3</td>
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<td style="height: 17px; width: 253px;"><a href="#Bb_5LLU2OQO3400000000000000000000">Statements of Financial Position</a></td>
<td style="text-align: right; height: 17px; width: 38px;">4-5</td>
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<td style="height: 17px; width: 253px;"><a href="#Bc_RB3JAU3V6800000000000000000000">Statements of Profit or Loss</a></td>
<td style="text-align: right; height: 17px;">6</td>
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<td style="height: 17px; width: 253px;"><a href="#Bd_DUOIZ09X4W00000000000000000000">Statements of Comprehensive Income</a></td>
<td style="text-align: right; height: 17px; width: 38px;">7</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 253px;"><a href="#Be_07JQQKZ2C000000000000000000000">Statements of Changes in Equity</a></td>
<td style="text-align: right; height: 17px; width: 38px;">8-9</td>
</tr>
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<td style="height: 17px; width: 253px;"><a href="#Bf_VEBYJQ68ZK00000000000000000000">Statements of Cash Flows &#8211; Indirect Method</a></td>
<td style="text-align: right; height: 17px; width: 38px;">10-11</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 253px;"><a href="#Bg_SK7AQRNES000000000000000000000">Statements of Value Added</a></td>
<td style="text-align: right; height: 17px; width: 38px;">12</td>
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<td style="height: 17px; width: 253px;"><a href="#BN_XO7R635PQO00000000000000000000">Notes to the Interim Financial Information</a></td>
<td style="text-align: right; height: 17px; width: 38px;">13-130</td>
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<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>2</font></font></td>
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</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: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font></p>
<div style="margin-top: 6.5pt; margin-bottom: 6.5pt; text-align: justify; font-size: 14pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BA_BEBS04EL3400000000000000000000" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;">Report on the Review of quarterly Information &#8211; ITR</font></a></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; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-weight: bold;">To the Shareholders, Directors and Management of</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin-top: 2.85pt; margin-bottom: 6pt; line-height: 14pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><font style="font-weight: bold;">S&#227;o Paulo, SP </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">Introduction</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">We have reviewed the accompanying individual and consolidated interim financial information of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Company&#8221;), comprised in the Quarterly Financial Information - ITR Form for the quarter ended March 31, 2021, which comprise the statements of financial position as of March 31, 2021 and related statements of income, comprehensive income, changes in shareholders&#8217; equity and cash flows for the three-month period then ended, including the explanatory notes.&nbsp;&nbsp; </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">The Company&#8217;s Management is responsible for the preparation of the interim financial information in accordance with Technical Pronouncement CPC 21 (R1)&nbsp; Interim Financial Information and with International Standard IAS 34 &#8211; Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, such as for the presentation of these information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Financial Information - ITR. Our responsibility is to express a conclusion on these interim financial information based on our review</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">Scope of the review</font></p>
<p style="margin-top: 6.5pt; margin-bottom: 6.5pt; text-align: justify; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Our review was conducted in accordance with the Brazilian and international Review Standards of interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">Conclusion on the individual and consolidated interim financial information</font></p>
<p style="margin-top: 6.5pt; margin-bottom: 6.5pt; text-align: justify; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Based on our review, nothing has come to our attention that causes us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, issued by the Accounting Committee and by IASB applicable to the preparation of Quarterly Financial Information &#8211; ITR and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission - CVM.&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">Other matters - Interim statements of value added</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">The individual and consolidated interim statements of value added (DVA) for the three-month period ended March 31, 2021, prepared under the responsibility of the Company's management, and presented as supplementary information for the purposes of IAS 34, were submitted to the same review procedures followed together with the review of the Company's interim financial information. In order to form our conclusion, we evaluated whether these statements are reconciled to the interim financial information and to the accounting records, as applicable, and whether their form and content are in accordance with the criteria set on Technical Pronouncement CPC 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that the accompanying statements of value added are not prepared, in all material respects, according to the criteria defined in this Standard and consistently in accordance with the individual and consolidated interim financial information taken as a whole.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 12pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">S&#227;o Paulo, May 05, 2021</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">KPMG Auditores Independentes</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">CRC 2SP014428/O-6</font><br><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt; color: #000000;">Original report in Portuguese signed by</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Marcio Serpejante Peppe</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Accountant CRC 1SP233011/O-8</font><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>3</font></font></td>
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<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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<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: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">U</font><font style="font-family: 'Times New Roman';">ltrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bb_5LLU2OQO3400000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</font></a></div>
<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;">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;">March</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 31, 2021 and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><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>
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<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>
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<td style="padding-right: 3pt; padding-left: 3pt; margin-left: 0.1px; height: 17px; 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;">&nbsp;</font></p>
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<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; margin-left: 0.1px; height: 17px; 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;">Parent</font></p>
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<td style="padding-right: 3pt; padding-left: 3pt; margin-left: 0.1px; height: 17px; 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;">&nbsp;</font></p>
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<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>
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<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>
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<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-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: 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;">03/31/2021</font></p>
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<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; 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>
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<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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
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<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;">03/31/2021</font></p>
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<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>
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<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;">12/31/2020</font></p>
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<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 44%; 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>
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<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 7%; 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>
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<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: 8pt;"><font style="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: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-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%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-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: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-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%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-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: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-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%; background-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: 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;">Current assets</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-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: 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="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="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="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="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>
</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;">Cash and cash equivalents</font></p>
</td>
<td style="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;">4.a</font></p>
</td>
<td style="padding-right: 3pt; 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;">946,757</font></p>
</td>
<td style="padding-right: 3pt; 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;">948,649</font></p>
</td>
<td style="padding-right: 3pt; 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;">3,933,203</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,661,494</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">investments and hedging instruments</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: 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">388,031</font></p>
</td>
<td style="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;">88,100</font></p>
</td>
<td style="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;">3,553,474</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">5,033,258</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</font></p>
</td>
<td style="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.a</font></p>
</td>
<td style="padding-right: 3pt; 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;">3,702,468</font></p>
</td>
<td style="padding-right: 3pt; 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;">3,318,927</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;">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.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;">-</font></p>
</td>
<td style="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;">538,368</font></p>
</td>
<td style="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;">549,129</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;">4,491,697</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;">3,846,196</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.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;">325</font></p>
</td>
<td style="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;">154</font></p>
</td>
<td style="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;">1,077,666</font></p>
</td>
<td style="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;">1,044,850</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;">Recoverable 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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,997</font></p>
</td>
<td style="padding-right: 3pt; 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;">47,913</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;">&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;">404,985</font></p>
</td>
<td style="padding-right: 3pt; 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;">366,080</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;">Dividends receivable</font></p>
</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;">213</font></p>
</td>
<td style="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;">150,301</font></p>
</td>
<td style="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;">1,164</font></p>
</td>
<td style="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;">1,152</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 receivables</font></p>
</td>
<td style="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;">86,270</font></p>
</td>
<td style="padding-right: 3pt; 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;">58,300</font></p>
</td>
<td style="padding-right: 3pt; 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;">63,518</font></p>
</td>
<td style="padding-right: 3pt; 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;">56,955</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;">Prepaid 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: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,032</font></p>
</td>
<td style="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;">3,684</font></p>
</td>
<td style="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;">162,002</font></p>
</td>
<td style="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;">132,122</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;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="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;">11</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;">-</font></p>
</td>
<td style="padding-right: 3pt; 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;">490,869</font></p>
</td>
<td style="padding-right: 3pt; 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;">478,908</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: 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: 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="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;">1,473,625</font></p>
</td>
<td style="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="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;">1,297,101</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="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;">18,419,414</font></p>
</td>
<td style="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="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;">17,489,071</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;">&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: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New 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="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: 8pt;"><font style="font-family: 'Times New 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="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: 8pt;"><font style="font-family: 'Times New 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="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: 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;">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;">Financial investments and hedging instruments</font></p>
</td>
<td style="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;">4.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;">1,014,371</font></p>
</td>
<td style="padding-right: 3pt; 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;">977,408</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</font></p>
</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.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;">-</font></p>
</td>
<td style="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;">60,845</font></p>
</td>
<td style="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;">72,195</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;">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.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;">407,450</font></p>
</td>
<td style="padding-right: 3pt; 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;">419,255</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;">Related parties</font></p>
</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.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;">400,000</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">753,459</font></p>
</td>
<td style="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;">7,852</font></p>
</td>
<td style="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;">2,824</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 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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,160</font></p>
</td>
<td style="padding-right: 3pt; 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;">64,993</font></p>
</td>
<td style="padding-right: 3pt; 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: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,061,363</font></p>
</td>
<td style="padding-right: 3pt; 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;">974,711</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.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;">-</font></p>
</td>
<td style="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;">1,470,445</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">1,474,808</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;">Recoverable 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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,445</font></p>
</td>
<td style="padding-right: 3pt; 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;">39,446</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: 8pt;"><font style="font-family: 'Times New 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;">260,247</font></p>
</td>
<td style="padding-right: 3pt; 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;">261,205</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;">Escrow deposits</font></p>
</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</font></p>
</td>
<td style="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</font></p>
</td>
<td style="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</font></p>
</td>
<td style="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;">950,363</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">949,796</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;">Indemnification asset &#8211; business combination</font></p>
</td>
<td style="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;">22.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; 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;">204,508</font></p>
</td>
<td style="padding-right: 3pt; 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;">204,439</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;">21,031</font></p>
</td>
<td style="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;">20,238</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;">3,081</font></p>
</td>
<td style="padding-right: 3pt; 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;">3,888</font></p>
</td>
<td style="padding-right: 3pt; 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;">59,459</font></p>
</td>
<td style="padding-right: 3pt; 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;">70,507</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-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: 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;">11</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: 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="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="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="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;">1,270,606</font></p>
</td>
<td style="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="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;">1,227,423</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: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total long term 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="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;">504,688</font></p>
</td>
<td style="padding-right: 3pt; 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;">861,788</font></p>
</td>
<td style="padding-right: 3pt; 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;">6,788,540</font></p>
</td>
<td style="padding-right: 3pt; 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;">6,654,809</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-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: 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: 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: 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;">12.a</font></p>
</td>
<td style="padding-right: 3pt; 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;">10,327,582</font></p>
</td>
<td style="padding-right: 3pt; 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;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; 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;">-</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: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In joint </font><font style="font-family: 'Times New Roman';">ventures</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a; 12.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;">-</font></p>
</td>
<td style="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;">140,886</font></p>
</td>
<td style="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;">139,100</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: 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: 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;">12.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; 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;">25,839</font></p>
</td>
<td style="padding-right: 3pt; 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;">25,588</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: 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: 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="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="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="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="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="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;">2,793</font></p>
</td>
<td style="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="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;">2,793</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-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; 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;">10,327,582</font></p>
</td>
<td style="padding-right: 3pt; 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;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; 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;">169,518</font></p>
</td>
<td style="padding-right: 3pt; 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;">167,481</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;">&nbsp;</font></p>
</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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 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;">Right-of-use 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;">13</font></p>
</td>
<td style="padding-right: 3pt; 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;">34,833</font></p>
</td>
<td style="padding-right: 3pt; 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;">35,062</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: 8pt;"><font style="font-family: 'Times New 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;">2,125,254</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,150,286</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;">Property, plant, and 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: 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,045</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;">14,328</font></p>
</td>
<td style="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;">8,176,113</font></p>
</td>
<td style="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;">8,005,860</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-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: 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</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;">253,781</font></p>
</td>
<td style="padding-right: 3pt; 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;">254,242</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; 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;">1,792,355</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,782,655</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: 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: 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="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;">11,145,929</font></p>
</td>
<td style="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="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;">11,695,597</font></p>
</td>
<td style="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="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;">19,051,780</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; 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;">
<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>
</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: 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: 18px; 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: 18px; 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;">12,619,554</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: 8pt;"><font style="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: 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: 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,471,194</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</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>
<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';">T</font><font style="font-family: 'Times New Roman';">he accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<div style="width: 8.5in; margin: 0 auto;"><br></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;">&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'>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>
<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: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</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;">Statements of Financial Position</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;">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;">March</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 31, 2021 and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 868px; 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: 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: 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 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: 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: 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 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: 8pt;"><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: 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: 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;">Note</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;">03/31/2021</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; 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>
<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-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;">03/31/2021</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; 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; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 44%; 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: 17px; width: 7%; 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; 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: 17px; width: 3%; 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; 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: 17px; width: 3%; 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: 17px; 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: 17px; width: 3%; 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; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Current </font><font style="font-family: 'Times New Roman'; font-weight: bold;">liabilities</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: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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;">&nbsp;</font></p>
</td>
<td style="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="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="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="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="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>
</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-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: 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;">16</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,052,507</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,038,499</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,277,938</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,306,036</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-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: 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;">16.f</font></p>
</td>
<td style="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;">2,169</font></p>
</td>
<td style="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;">9,996</font></p>
</td>
<td style="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;">971,281</font></p>
</td>
<td style="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;">949,908</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-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;">29,319</font></p>
</td>
<td style="padding-right: 3pt; 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;">16,870</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,610,195</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;">2,745,019</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Trade payables &#8211; </font><font style="font-family: 'Times New Roman';">reverse factoring</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: 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;">
<p style="margin-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;">1,915,949</font></p>
</td>
<td style="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;">1,295,633</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-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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,176</font></p>
</td>
<td style="padding-right: 3pt; 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;">42,400</font></p>
</td>
<td style="padding-right: 3pt; 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;">384,667</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: 8pt;"><font style="font-family: 'Times New 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;">468,630</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-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;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">608</font></p>
</td>
<td style="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;">812</font></p>
</td>
<td style="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;">342,740</font></p>
</td>
<td style="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;">286,014</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-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: 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;">25.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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,132</font></p>
</td>
<td style="padding-right: 3pt; 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;">439,094</font></p>
</td>
<td style="padding-right: 3pt; 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;">22,690</font></p>
</td>
<td style="padding-right: 3pt; 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;">442,133</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Income and social </font><font style="font-family: 'Times New Roman';">contribution taxes payable</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">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;">98,119</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;">169,317</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-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;">27,125</font></p>
</td>
<td style="padding-right: 3pt; 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;">27,077</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-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: 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;">21</font></p>
</td>
<td style="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;">4,372</font></p>
</td>
<td style="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;">4,267</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-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; 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: 17px; background-color: #cceeff;">
<p style="margin-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;">41,690</font></p>
</td>
<td style="padding-right: 3pt; 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;">43,660</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Leases </font><font style="font-family: 'Times New Roman';">payable</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: 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,922</font></p>
</td>
<td style="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;">4,688</font></p>
</td>
<td style="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;">263,146</font></p>
</td>
<td style="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;">260,189</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-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; 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;">16,357</font></p>
</td>
<td style="padding-right: 3pt; 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;">10,157</font></p>
</td>
<td style="padding-right: 3pt; 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;">242,370</font></p>
</td>
<td style="padding-right: 3pt; 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;">224,676</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-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;">
<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: 17px;">
<p style="margin-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="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="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="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;">16,320</font></p>
</td>
<td style="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="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;">18,282</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-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: 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;">1,154,190</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,566,780</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,218,602</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,240,841</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 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-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: 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;">-</font></p>
</td>
<td style="padding-right: 3pt; 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: middle; height: 17px;">
<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';">Loans, financing and hedge derivative </font><font style="font-family: 'Times New Roman';">financial instruments</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: 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: 17px;">
<p style="margin-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;">9,329,233</font></p>
</td>
<td style="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;">8,526,064</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-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: 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;">16.f</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,724,302</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,724,117</font></p>
</td>
<td style="padding-right: 3pt; 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;">6,027,810</font></p>
</td>
<td style="padding-right: 3pt; 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;">5,594,208</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-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: 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.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;">4,730</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;">5,272</font></p>
</td>
<td style="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;">3,606</font></p>
</td>
<td style="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;">3,711</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-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; 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.a</font></p>
</td>
<td style="padding-right: 3pt; 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;">17,416</font></p>
</td>
<td style="padding-right: 3pt; 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;">12,732</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-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;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,626</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">2,527</font></p>
</td>
<td style="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;">258,969</font></p>
</td>
<td style="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;">257,647</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-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: 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;">21</font></p>
</td>
<td style="padding-right: 3pt; 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;">50,264</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;">&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;">49,168</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-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;">280</font></p>
</td>
<td style="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;">280</font></p>
</td>
<td style="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;">859,118</font></p>
</td>
<td style="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;">854,385</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-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: 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;">13</font></p>
</td>
<td style="padding-right: 3pt; 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;">33,047</font></p>
</td>
<td style="padding-right: 3pt; 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;">33,246</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,530,684</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; font-size: 8pt;"><font style="font-family: 'Times New 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;">1,573,099</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-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: 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;">24</font></p>
</td>
<td style="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;">75,658</font></p>
</td>
<td style="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;">86,439</font></p>
</td>
<td style="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;">75,658</font></p>
</td>
<td style="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;">86,439</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-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: 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;">12.a; 12.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;">36,072</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;">35,794</font></p>
</td>
<td style="padding-right: 3pt; 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;">2,096</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-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="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;">5,188</font></p>
</td>
<td style="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="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;">4,497</font></p>
</td>
<td style="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="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;">137,193</font></p>
</td>
<td style="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="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;">139,507</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-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: 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;">1,881,903</font></p>
</td>
<td style="padding-right: 3pt; 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;">1,892,172</font></p>
</td>
<td style="padding-right: 3pt; 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;">18,289,951</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; 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;">17,099,056</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 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-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: 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: middle; 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;">Share capital</font></p>
</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;">25.a; 25.f</font></p>
</td>
<td style="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;">5,171,752</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">5,171,752</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">5,171,752</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">5,171,752</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-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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,975</font></p>
</td>
<td style="padding-right: 3pt; 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;">22,404</font></p>
</td>
<td style="padding-right: 3pt; 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;">25,975</font></p>
</td>
<td style="padding-right: 3pt; 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;">22,404</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-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: 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;">25.d</font></p>
</td>
<td style="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;">595,420</font></p>
</td>
<td style="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;">594,049</font></p>
</td>
<td style="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;">595,420</font></p>
</td>
<td style="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;">594,049</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-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: 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;">25.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; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New 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;">(489,068)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(489,068)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(489,068)</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Revaluation reserve on </font><font style="font-family: 'Times New Roman';">subsidiaries</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: 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,291</font></p>
</td>
<td style="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;">4,337</font></p>
</td>
<td style="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;">4,291</font></p>
</td>
<td style="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;">4,337</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-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: 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;">25.f</font></p>
</td>
<td style="padding-right: 3pt; 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;">4,408,275</font></p>
</td>
<td style="padding-right: 3pt; 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;">4,408,275</font></p>
</td>
<td style="padding-right: 3pt; 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;">4,408,275</font></p>
</td>
<td style="padding-right: 3pt; 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;">4,408,275</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-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;">
<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;">132,288</font></p>
</td>
<td style="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;">132,288</font></p>
</td>
<td style="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>
</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-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: 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;">25.g.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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(584,916)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(464,990)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(584,916)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(464,990)</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cumulative </font><font style="font-family: 'Times New Roman';">translation adjustments</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: 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">319,444</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">231,596</font></p>
</td>
<td style="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;">319,444</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">231,596</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-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: 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;">25.h</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;">55,391</font></p>
</td>
<td style="padding-right: 3pt; 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;">55,391</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: 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: 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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="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: 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: 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: 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;">9,583,461</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,533,746</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,583,461</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,533,746</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: 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: 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="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="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="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="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="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;">379,180</font></p>
</td>
<td style="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="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;">376,519</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-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: 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;">9,583,461</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,533,746</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,962,641</font></p>
</td>
<td style="padding-right: 3pt; 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;">9,910,265</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: 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: 18px;">
<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: 18px; border-bottom: 2.8pt double #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;">12,619,554</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: 8pt;"><font style="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: 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: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,471,194</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</font></p>
</td>
</tr>

</table>
<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: 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';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</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;"><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'>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>
<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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<div style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bc_RB3JAU3V6800000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statements of Profit or Loss</font></a></div>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">For </font><font style="font-weight: bold;">the </font><font style="font-weight: bold;">three-month period</font><font style="font-weight: bold;"> ended</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">March</font><font style="font-weight: bold;"> 3</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;">, 202</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;"> and 20</font><font style="font-weight: bold;">20</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-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', 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%; height: 651px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt; font-family: 'times new roman', times;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 23.0392%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 22.7941%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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: middle; height: 17px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 43.9951%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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; width: 7.10784%; 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', times; font-size: 10pt;">26</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10.049%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 3.06373%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 2.94118%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,950,284</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2.94118%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,387,138</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<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', times; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,234,378)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,977,191)</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: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="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; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Gross profit</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,715,906</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,409,947</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: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="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; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Operating income (expenses)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%; 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', times; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(654,573)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(614,631)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<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', times; 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: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,940)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,275)</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: 43.9951%; 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', times; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(468,690)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(409,881)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">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: 34px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,076</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,938</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: 43.9951%; 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', times; font-size: 10pt;">Other operating income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,602</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">159,573</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<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', times; font-size: 10pt;">Other operating expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,014)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(245)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(65,027)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,634)</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: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="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; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 37px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 37px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Operating income before finance 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: 37px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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: 37px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,013)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 37px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 37px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(245)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 37px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 37px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">584,354</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 37px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 37px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">486,037</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 43.9951%; 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', times; 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; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 34px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">144,053</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,849</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,222)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,428)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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: 34px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">141,040</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,604</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">572,132</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 34px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">473,609</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%; 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', times; font-size: 10pt;">Finance income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,399</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34,134</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">63,433</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182,051</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<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', times; font-size: 10pt;">Finance expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(24,442)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,053)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(397,114)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(349,681)</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: 43.9951%; 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', times; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,043)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,081</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(333,681)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(167,630)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">167,685</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">238,451</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">305,979</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: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%;">
<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', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.b; 9.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(170)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(106,454)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(108,289)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%; 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', times; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,834)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,656)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,433</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,824)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="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; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,834)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,826)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(101,021)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137,113)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 18px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,859</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137,430</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,866</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income attributable to:</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: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 18px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 18px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 18px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 18px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp; Shareholders of the Company</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,859</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,859</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp; Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,267</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,007</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 34px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; width: 43.9951%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp; Basic</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1215</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1480</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1215</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1480</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: 43.9951%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp; Diluted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.10784%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1208</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3.06373%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1471</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1208</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2.94118%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; width: 9.92647%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.1471</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: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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;">
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<div style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="Bd_DUOIZ09X4W00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statements of Comprehensive Income</font></a></div>
<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-weight: bold;">For</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">the </font><font style="font-weight: bold;">three-month period</font><font style="font-weight: bold;"> e</font><font style="font-weight: bold;">nded </font><font style="font-weight: bold;">March</font><font style="font-weight: bold;"> 3</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;">, 202</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;"> and 20</font><font style="font-weight: bold;">20</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-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', 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: 170px; 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: 8pt;"><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: 8pt;"><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: 8pt;"><font style="font-family: 'times new roman', times; 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: 8pt;"><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: 8pt;"><font style="font-family: 'times new roman', times; 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: 8pt;"><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: 8pt;"><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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2021</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', 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; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2020</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: 8pt;"><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; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2021</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', 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; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 44%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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; 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', times; font-size: 10pt;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; 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', times; font-size: 10pt;">160,859</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; 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', times; font-size: 10pt;">137,430</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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; 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', times; font-size: 10pt;">168,866</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', times; 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><font style="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: 8pt;"><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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 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', times; font-size: 10pt;">25.g.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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(117)</font></p>
</td>
<td style="padding-right: 3pt; 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', 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: 8pt;"><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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(117)</font></p>
</td>
<td style="padding-right: 3pt; 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', 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: 8pt;"><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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'times new roman', times; 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25.g.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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(121,257)</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(420,032)</font></p>
</td>
<td style="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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(121,257)</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(420,032)</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', times; 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: 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', times; font-size: 10pt;">25.g.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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,448</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; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,501</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; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,448</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; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,501</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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cumulative translation adjustments and hedge of net investments in foreign operations, net</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', times; font-size: 10pt;">25.g.2</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', times; font-size: 10pt;">87,848</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', times; font-size: 10pt;">&nbsp;</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', times; font-size: 10pt;">121,874</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', times; font-size: 10pt;">&nbsp;</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', times; font-size: 10pt;">87,848</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', times; font-size: 10pt;">&nbsp;</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', times; font-size: 10pt;">121,874</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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total comprehensive income for the year</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: 8pt;"><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: 18px; 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', times; font-size: 10pt;">100,085</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: 8pt;"><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: 18px; 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', times; font-size: 10pt;">(134,798)</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: 8pt;"><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: 18px; 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', times; font-size: 10pt;">105,352</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: 8pt;"><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: 18px; 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', times; font-size: 10pt;">(126,791)</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', times; 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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,085</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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(134,798)</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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,085</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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(134,798)</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', times; 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', 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: 8pt;"><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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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: 8pt;"><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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,267</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', 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,007</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: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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"><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;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 6pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font><br></p>
</div>
<div style="margin: 0px; text-indent: 0px;">
<div style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Be_07JQQKZ2C000000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times;">Statements of Changes in Equity</font></a></font></div>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">For the </font><font style="font-weight: bold;">three-month period</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">e</font><font style="font-weight: bold;">nded </font><font style="font-weight: bold;">March</font><font style="font-weight: bold;"> 3</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;">, 202</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;"> and 20</font><font style="font-weight: bold;">20</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">(In thousands of Brazilian Reais, except </font><font style="font-style: italic;">dividends</font><font style="font-style: italic;"> per share)</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 310px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; margin: 0px; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.19774%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.63277%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.19774%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 3.84181%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.29379%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.64972%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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; width: 9.9435%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Profit reserve</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.64972%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.64972%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.18079%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.19774%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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; width: 12.0904%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Equity attributable to:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.35593%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.10169%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 50px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 50px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; color: #0563c1; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.19774%;">
<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; font-size: 6pt;">Note</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 4.63277%;">
<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; font-size: 6pt;">Share capital</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.19774%;">
<p style="margin: 0px; text-align: center; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity instr</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ument granted</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 3.84181%;">
<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; font-size: 6pt;">Capital reserve</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 4.29379%;">
<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; font-size: 6pt;">Treasury shares</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.64972%;">
<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; font-size: 6pt;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 3.84181%;">
<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; font-size: 6pt;">Legal reserve</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 0.451977%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.64972%;">
<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; font-size: 6pt;">Investments statutory reserve</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.64972%;">
<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; font-size: 6pt;">Valuation adjustments</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.64972%;">
<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; font-size: 6pt;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 4.18079%;">
<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; font-size: 6pt;">Retained earnings</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.19774%;">
<p style="margin: 0px; text-align: center; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Additional dividends to the minimum </font><font style="font-family: 'Times New Roman'; font-weight: bold;">mandatory dividends</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 6.10169%;">
<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; font-size: 6pt;">Shareholders of the Company</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 0.451977%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 5.53672%;">
<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; font-size: 6pt;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 1.35593%;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 50px; width: 6.10169%;">
<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; font-size: 6pt;">Consolidated equity</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: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(489,068)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(464,990)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">132,163</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">132,163</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,267</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">137,430</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; width: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Other comprehensive income:</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Fair value adjustments of available for financial instruments, net of income taxes:</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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; width: 5.9887%; 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'; font-size: 6pt;">Company</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">25.g.1</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(117)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(117)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(117)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.9887%;">
<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'; font-size: 6pt;">Subsidiaries</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<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-size: 6pt;">12.a; 25.g.1</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(121,257)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(121,257)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(121,257)</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: 5.9887%; 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'; font-size: 6pt;">Joint ventures</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">12.a; 25.g.1</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,448</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,448</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,448</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman';">Currency translation of foreign subsidiaries and the effect of net investment</font><font style="font-family: 'Times New Roman';">s hedge, net of income taxes</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<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-size: 6pt;">12.a; 25.g.2</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,848</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,848</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,848</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; width: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(119,926)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,848</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">132,163</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">100,085</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,267</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">105,352</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<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-size: 6pt;">25.d</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,371</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,371</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 30px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,371</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; width: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">25.b</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,617</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,617</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,617</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Equity instrument granted of subsidiaries</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<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-size: 6pt;">12.a; 25.b</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,954</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,954</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,954</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; width: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman';">Income and social contribution taxes on realization of revaluation reserve of subsid</font><font style="font-family: 'Times New Roman';">iaries</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">25.e</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(46)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">46</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; width: 5.9887%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Shareholder transaction &#8211; changes of investiments</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;">79</p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman';">79</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;79</font></font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; width: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(2,606)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(2,606)</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; width: 5.9887%;">
<p style="margin-top: 0pt;margin-left: 0pt;margin-bottom: 0pt;text-indent: 0.4pt;font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<p style="margin: 0px; text-align: center; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;">25.h</p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.63277%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.29379%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 3.84181%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.64972%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 4.18079%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.19774%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(55,391)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(55,391)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 0.451977%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 5.53672%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 1.35593%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; width: 6.10169%;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(55,391)</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: 5.9887%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Balance as of March 31, 2021</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 5.19774%; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 0px; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 4.63277%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">25,975</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">595,420</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 4.29379%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(489,068)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">4,291</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 3.84181%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(584,916)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.64972%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">319,444</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 4.18079%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">132,288</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.19774%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">9,583,461</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 0.451977%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 5.53672%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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;">379,180</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 1.35593%; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom: 2.8pt double #000000; width: 6.10169%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">9,962,641</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><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: 6pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
</div>
</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman';"><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: 6pt;" 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: 6pt; ; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Changes in Equity</font></p>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><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;">three</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> period</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;">March</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;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 6pt; ; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, except </font><font style="font-family: 'Times New Roman'; font-style: italic;">dividends</font><font style="font-family: 'Times New Roman'; font-style: italic;"> per share)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 320px; margin: 0px 0px 0px 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" 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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Profit reserve</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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Equity attributable to:</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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 50px;">
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Note</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Share capital</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity </font><font style="font-family: 'Times New Roman'; font-weight: bold;">instrument granted</font></font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Capital reserve</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Treasury shares</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Legal reserve</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Investments statutory reserve</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Valuation adjustments</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Cumulative translation adjustments</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Retained earnings</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Additional dividends to the minimum manda</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tory dividends</font></font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Shareholders of the Company</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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; font-size: 6pt;">Consolidated equity</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: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(485,383)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">(146,317)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">160,859</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">160,859</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,007</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; width: 5%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">168,866</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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Other comprehensive income:</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Fair value adjustments of available for financial instruments, net of income taxes:</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Company</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">12.a; 25.g.1</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(420,032)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(420,032)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(420,032)</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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Joint ventures</font></p>
</td>
<td style="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-size: 6pt;">12.a; 25.g.1</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,501</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,501</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">-</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,501</font></font></p>
</td>
</tr>
<tr style="height: 30px; background-color: #cceeff;">
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman';">Currency translation of foreign subsidiaries, including the effect</font><font style="font-family: 'Times New Roman';"> of net investments hedge</font></font></p>
</td>
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<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-size: 6pt;">25.g.2</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121,874</font></font></p>
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<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121,874</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121,874</font></font></p>
</td>
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<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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Total comprehensive income for the period</font></p>
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<td style="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'; font-size: 6pt;">&nbsp;</font></p>
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<td style="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'; font-size: 6pt;">&nbsp;</font></p>
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<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
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</td>
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</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
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</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;">(417,531)</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121,874</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">160,859</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;">(134,798)</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,007</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; 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-size: 6pt;">(126,791)</font></p>
</td>
</tr>
<tr style="height: 37px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">25.d</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">53,072</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">53,072</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 37px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">53,072</font></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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Equity instrument granted os subsidiaries</font></p>
</td>
<td style="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'; font-size: 6pt;">25.b</font></p>
</td>
<td style="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'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,135</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,135</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,135</font></font></p>
</td>
</tr>
<tr style="height: 30px; background-color: #cceeff;">
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman';">Income and social contribution taxes on realization of revaluat</font><font style="font-family: 'Times New Roman';">ion reserve of subsidiaries</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">25.e</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
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</td>
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(46)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">46</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">-</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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">(516)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">(516)</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">516</font></font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;"><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: 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: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
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</td>
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<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(428)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">(428)</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: 0pt;margin-bottom: 0pt;text-indent: 0.4pt;font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
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</td>
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
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</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">(261,470)</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">(261,470)</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">&#8208;</font></p>
</td>
<td style="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-size: 6pt;">&nbsp;</font></p>
</td>
<td style="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-size: 6pt;">(261,470)</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin: 0px; font-size: 6pt; ; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">Balance as of March 31, 2020</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">14,105</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">595,472</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">(485,383)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">4,476</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">(563,848)</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">224,301</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">160,389</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 6pt;">&#8208;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">9,116,678</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">385,015</font></font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<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; font-size: 6pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-size: 6pt; ; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 6pt;"><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;">9,501,693</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><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: 6pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.&nbsp;</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: 6pt;"><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: 6pt;" 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: 6pt; ; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p><br></p>
<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', times; font-size: 10pt;">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="Bf_VEBYJQ68ZK00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statements of Cash Flows &#8211; Indirect Method</font></a></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;">For</font><font style="font-weight: bold;"> the </font><font style="font-weight: bold;">three-month period</font><font style="font-weight: bold;"> e</font><font style="font-weight: bold;">nded </font><font style="font-weight: bold;">March</font><font style="font-weight: bold;"> 3</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;">, 202</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;"> and 20</font><font style="font-weight: bold;">20</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">(</font><font style="font-style: italic;">In thousands of Brazilian Reais)</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: 572px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 21.5686%; 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', times; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 22.0588%; 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', times; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Cash flows from operating </font><font style="font-weight: bold;">activities</font></font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-weight: bold; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,163</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,859</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137,430</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,866</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-weight: bold; font-size: 10pt;">Adjustments to reconcile net income to cash provided by operating activities</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Share of loss (profit) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">12</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">(144,053)</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">(154,849)</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">12,222</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">12,428</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">11</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">48,214</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">82,860</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">13.a</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,503</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">512</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,329</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77,867</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">14; 15</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,453</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">293</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">245,372</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">225,860</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">14; 15</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,334</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,527</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,620</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(627)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">424,759</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">505,410</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">9.b</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,834</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,656</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,433)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,824</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 46.3235%; 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-size: 10pt; font-family: 'times new roman', times;">(Loss) Gain on disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">28</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">(1)</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">(8,076)</font></p>
</td>
<td style="width: 2.08333%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">(6,938)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">5</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,940</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,275</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Provision for losses in inventories</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">6</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,656)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,586)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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-family: 'times new roman', times;">Provision for post-employment benefits</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">20.b</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,156</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">8.c</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,617</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,571</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,136</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Provision of decarbonization - CBIO</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">29</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,640</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">22.a</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,582</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,989</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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-family: 'times new roman', times;">Other provisions and adjustments</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">1,372</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; 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', times; font-size: 10pt;">2,845</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; 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', times; font-size: 10pt;">(3,221)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,607</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,926</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">988,081</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,141,453</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">(Increase) decrease in current </font><font style="font-weight: bold;">assets</font></font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">5</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(371,971)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">416,525</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Inventories</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">6</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(640,845)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">328,554</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">7</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,745</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(602)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(71,721)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,146</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Dividends received from subsidiaries and joint ventures</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">479,726</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">216,156</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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><br></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,970)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(24,622)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,563)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42,936)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">10</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,348)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(123)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44,298)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(45,742)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-weight: bold; font-size: 10pt;">Increase (decrease) in current liabilities</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">17</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,449</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,565</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">413,266</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(309,616)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">18</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,224)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,090</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(83,963)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(65,584)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">19</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(204)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(197)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,726</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(24,757)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Income and social contribution taxes</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,264)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,162</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,054)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">20.b</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">898</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Other payables</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,198</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,313</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(15,085)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,830)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">23</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,962)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,495)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-weight: bold; font-size: 10pt;">(Increase) decrease in non-current assets</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">5</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,155</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,214</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">7</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,321</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(213,635)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(567)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,734)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(862)</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">191</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.3235%; 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', times; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="width: 7.96569%; 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', times; font-size: 10pt;">10</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">807</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,383</font></p>
</td>
<td style="width: 2.08333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,912</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>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin-top: 2pt; 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'>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: 11pt; font-family: arial, helvetica, sans-serif;"><a href="#TOC"><font style="font-family: 'times new roman', times; font-size: 10pt;">Table of Contents</font></a></font></div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 11pt;"><br></p>
<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-family: 'times new roman', times;">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-size: 10pt; font-family: 'times new roman', times;">Statements of Cash Flows &#8211; Indirect Method</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;"><font style="font-weight: bold;">For the </font><font style="font-weight: bold;">three-month period</font><font style="font-weight: bold;"> ended </font><font style="font-weight: bold;">March</font><font style="font-weight: bold;"> 3</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;">, 202</font><font style="font-weight: bold;">1</font><font style="font-weight: bold;"> and 20</font><font style="font-weight: bold;">20</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">(</font><font style="font-style: italic;">In thousands of Brazilian Reais)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 521px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 21.0784%; 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', times; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 21.5686%; 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', times; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Increase </font><font style="font-weight: bold;">(decrease) in non-current liabilities</font></font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">20.b</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,314</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,267)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Other payables</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">672</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,310)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,819)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Acquisition of CBIO</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">15</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(20,825)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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-size: 10pt; font-family: 'times new roman', times;">Payments of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">11</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,881)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(145,429)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Payments of contingencies</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">22.a</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(819)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,222)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Income and social contribution taxes paid</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">(95,360)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">(38,781)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Net cash provided by operating activities</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">460,673</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">227,258</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">128,424</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">931,992</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Cash flows from investing activities</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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-family: 'times new roman', times;">Financial investments, net of redemptions</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(295,637)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67,358</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,719,562</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(143,310)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">14</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,709)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,220)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(247,775)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(177,378)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">15</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,985)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31,931)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43,191)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Capital increase in subsidiary</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">12.a</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,640)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,010)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Capital increase in joint ventures</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">12.b</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt; text-align: right; font-size: 8pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(15,000)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 46.4461%; padding-right: 3pt; vertical-align: bottom; height: 17px; margin: 0pt; text-indent: 0.4pt; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&nbsp; &nbsp; &nbsp; Related parties</font><br></td>
<td style="width: 8.82353%; padding-right: 3pt; padding-left: 0px; vertical-align: bottom; height: 17px; margin: 0pt; text-indent: 0.4pt; text-align: center; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">8.a</font></td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">353,459</font></td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; 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;">-</font></td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">(5,028)</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; 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;">-</font></td>
</tr>
<tr style="height: 10px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Proceeds from disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right; font-size: 8pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,539</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,655</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Net cash provided by (used in) investing activities</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right; font-size: 8pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">33,473</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">51,143</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">1,442,367</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">(344,224)</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Cash flows from financing activities</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right; font-size: 8pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Proceeds</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">16</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">463,012</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">240,674</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Repayments</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">16</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(126,491)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(89,535)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">16</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,623)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43,083)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(50,508)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(90,361)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Payments of lease</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Principal</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">13</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,033)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(483)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(119,838)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84,267)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">13</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,325)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,387)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Dividends paid</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">25.h</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(477,353)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(259,937)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(477,440)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(260,635)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Related parties</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">8.a</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">(105)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">(24)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Net cash used in financing activities</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">(496,038)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">(303,525)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">(313,695)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">(285,535)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">14,613</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">76,389</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Increase (decrease) in cash and cash equivalents</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,892)</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,124)</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,271,709</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">378,622</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Cash and cash equivalents at the beginning of the year</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">948,649</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,580</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,661,494</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Cash and cash equivalents at the end of the year</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">946,757</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,456</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,933,203</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,494,001</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-weight: bold; font-size: 10pt;">Transactions without cash effect:</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Addition on right-of-use assets and leases payable</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">13.a</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,328</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,576</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">169,417</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 46.4461%; 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', times; font-size: 10pt;">Addition on contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">11</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72,226</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,892</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 46.4461%; 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-size: 10pt; font-family: 'times new roman', times;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="width: 8.82353%; 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', times; font-size: 10pt;">25.d</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">1,371</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; 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', times; font-size: 10pt;">53,072</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.68137%; 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', times; font-size: 10pt;">1,371</font></p>
</td>
<td style="width: 1.96078%; 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', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.92647%; 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', times; font-size: 10pt;">53,072</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', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin: 0px; text-align: justify; 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'>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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<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';">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: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bg_SK7AQRNES000000000000000000000" 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: 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;">For</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">three-month period</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;">March</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;">, 202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><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: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><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: 435px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="width: 149.9pt; 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="width: 39.35pt; 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="7" style="width: 36.55pt; 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="width: 1pt; 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="7" style="width: 42.25pt; 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="width: 149.9pt; 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="width: 39.35pt; 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="width: 36.55pt; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">%</font></p>
</td>
<td style="width: 1pt; 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="width: 36.5pt; 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;">03/31/2020</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">%</font></p>
</td>
<td style="width: 1pt; 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="width: 42.25pt; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">%</font></p>
</td>
<td style="width: 1pt; 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="width: 42.25pt; 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;">03/31/2020</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">%</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 149.9pt; 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;">Revenue</font></p>
</td>
<td style="width: 39.35pt; 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="width: 42.55pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 19.85pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 42.5pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 19.85pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 48.25pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 19.85pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 48.25pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 19.85pt; 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;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 149.9pt; 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;">Gross revenue from sales and services, except rents and royalties</font></p>
</td>
<td style="width: 39.35pt; 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;">26</font></p>
</td>
<td style="width: 36.55pt; 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;">-</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="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: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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;">25,344,980</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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;">22,966,345</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 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="width: 149.9pt; 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;">Rebates, discounts, and returns</font></p>
</td>
<td style="width: 39.35pt; 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;">26</font></p>
</td>
<td style="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(339,108)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(472,125)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Expected losses on doubtful accounts</font></p>
</td>
<td style="width: 39.35pt; 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</font></p>
</td>
<td style="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,940)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,275)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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; background-color: #cceeff;">
<td style="width: 149.9pt; 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;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="width: 39.35pt; 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;">11</font></p>
</td>
<td style="width: 36.55pt; 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; font-size: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 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: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(48,214)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(82,860)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 149.9pt; 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;">Provision for loss on disposal of property, plant, and equipment and intangibles and other operating income, net</font></p>
</td>
<td style="width: 39.35pt; 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;">28; 29</font></p>
</td>
<td style="width: 36.55pt; 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: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="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: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,349)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,877</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 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="width: 149.9pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">24,949,369</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">22,511,962</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Materials purchased from third parties</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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;">Raw materials used</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,660,421)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,334,286)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Cost of goods, products, and services sold</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">-</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="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: 8pt;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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;">(20,727,448)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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;">(18,919,208)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 149.9pt; 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;">Third-party materials, energy, services, and others</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,517</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,501</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(679,341)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(537,057)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 149.9pt; 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;">Provisions for losses of assets</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(10,911)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(7,890)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">42,517</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">36,501</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(23,078,121)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(20,798,441)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Gross value added</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">42,517</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">36,501</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,871,248</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,713,521</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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;">Deductions</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Depreciation and amortization</font></p>
</td>
<td style="width: 39.35pt; 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.a; 14; 15</font></p>
</td>
<td style="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,956)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(805)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(332,701)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(303,727)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="width: 39.35pt; 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;">14; 15</font></p>
</td>
<td style="width: 36.55pt; 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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(4,334)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">(4,527)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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="width: 39.35pt; 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="width: 36.55pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,956)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(805)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(337,035)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(308,254)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Net value add</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ed by the Company</font></font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">39,561</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">35,696</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,534,213</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,405,267</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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: 10pt;">Value added received in transfer</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="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: 8pt;"><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: 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="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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: 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="width: 42.25pt; 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 149.9pt; 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;">Share of profit (loss) of subsidiaries, joint ventures, and associates</font></p>
</td>
<td style="width: 39.35pt; 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;">12</font></p>
</td>
<td style="width: 36.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,053</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,849</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(12,222)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><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: 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: 42.25pt; 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;">(12,428)</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 13.85pt; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 149.9pt; 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;">Rents and royalties</font></p>
</td>
<td style="width: 39.35pt; 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;">26</font></p>
</td>
<td style="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,215</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,762</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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 income</font></p>
</td>
<td style="width: 39.35pt; 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;">30</font></p>
</td>
<td style="width: 36.55pt; 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;">18,399</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">34,134</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">61,568</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">182,051</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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="width: 39.35pt; 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="width: 36.55pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">162,452</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">188,983</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,561</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204,385</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> value added available for distribution</font></font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">202,013</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">224,679</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,617,774</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">1,609,652</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 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="width: 149.9pt; 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;">Distribution of value added</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 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="width: 149.9pt; 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;">Labor and benefits</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,768</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,987</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,911</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">449,143</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 149.9pt; 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;">Taxes, fees, and contributions</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,878</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,718</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612,453</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><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; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">689,730</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<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</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="width: 149.9pt; 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 expenses and rents</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,204</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,115</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">347,980</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 42.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,913</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 13.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<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</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 149.9pt; 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;">Retained earnings</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">132,163</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; 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;">65</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 36.5pt; 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;">160,859</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; 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;">72</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">137,430</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; 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;">8</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 42.25pt; 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;">168,866</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-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: 13.85pt; 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</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="width: 149.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; 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;">Value added distributed</font></p>
</td>
<td style="width: 39.35pt; 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="width: 36.55pt; 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;">202,013</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">100</font></p>
</td>
<td style="width: 1pt; 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="width: 36.5pt; 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;">224,679</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">100</font></p>
</td>
<td style="width: 1pt; 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="width: 42.25pt; 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;">1,617,774</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">100</font></p>
</td>
<td style="width: 1pt; 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="width: 42.25pt; 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;">1,609,652</font></p>
</td>
<td style="width: 1pt; 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="width: 13.85pt; 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;">100</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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<div style="clear: both; margin: 0px; text-indent: 0px;">
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 10pt; text-indent: 0px;"><br></p>
<br></div>
<div style="margin: 0px; text-indent: 0px;">
<table style="width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>12</font></font></td>
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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div style="margin: 0px; text-indent: 0px;">
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; color: #000000;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BN_XO7R635PQO00000000000000000000" class="customBookmark"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></a></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; 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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">1. Operations</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a </font><font style="font-family: 'Times New Roman';">publicly-traded company headquartered at the Brigadeiro Luis Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stoc</font><font style="font-family: 'Times New Roman';">k 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: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';"> of shares of other companies. Through its subsidiaries, it operates in the segments of liquefied petroleum gas </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221;), production and marketing of chemicals (&#8220;Oxiteno&#8221;), and s</font><font style="font-family: 'Times New Roman';">torage services for liquid bulk (&#8220;Ultracargo&#8221;)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> retail distribution of pharmaceutical, hygiene, beauty, and skincare products (&#8220;Extrafarma&#8221;)</font><font style="font-family: 'Times New Roman';"> and digital payments and electronic retail segment (&#8220;Abastece a&#237;&#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';">The information about segments are disclosed</font><font style="font-family: 'Times New Roman';"> in Note 32.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">and muni</font><font style="font-family: 'Times New Roman';">cipal </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> and adopt preventive and emergency measures to reduce the pandemic effects.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 stabili</font><font style="font-family: 'Times New Roman';">ty 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></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and</font><font style="font-family: 'Times New Roman';"> its subsidiaries quickly adopted the work at home (expressed by home office) for the administrative public, </font><font style="font-family: 'Times New Roman';">with</font><font style="font-family: 'Times New Roman';"> all the necessary support for the </font><font style="font-family: 'Times New Roman';">operational continuity</font><font style="font-family: 'Times New Roman';">. In addition to basic safety concerns with employees, companies </font><font style="font-family: 'Times New Roman';">implemented</font><font style="font-family: 'Times New Roman';"> s</font><font style="font-family: 'Times New Roman';">everal initiatives aimed at welfare, such as virtual meetings, psychological support and concern for ergonomics, following </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> principle of valuing people.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 essentia</font><font style="font-family: 'Times New Roman';">l services to the population and preserving the health </font><font style="font-family: 'Times New Roman';">and security </font><font style="font-family: 'Times New Roman';">of employees</font><font style="font-family: 'Times New Roman';"> and partners</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uncertainty </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">emains uncertain to what extent the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">, after</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, may</font><font style="font-family: 'Times New Roman';"> be affected by the commercial, operational an</font><font style="font-family: 'Times New Roman';">d 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 test</font><font style="font-family: 'Times New Roman';">s, in connection with the preparation of th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial statements</font><font style="font-family: 'Times New Roman';">, may be impacted by the pandemic, and may adversely affect the financial position of the Company and its subsidiaries.</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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'>13</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; 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-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 style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 10pt;">Operational impacts</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The implemented measures of social isolation, restrictions on the movement of people and the operation of certain businesses </font><font style="font-family: 'Times New Roman';">due to pandemic continued </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">impact</font><font style="font-family: 'Times New Roman';"> economic activity in Brazil</font><font style="font-family: 'Times New Roman';"> in this first quarter of 2021</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> With re</font><font style="font-family: 'Times New Roman';">spect</font><font style="font-family: 'Times New Roman';"> the ope</font><font style="font-family: 'Times New Roman';">rations of the Company and its subsidiaries, the main effects were felt by Ultragaz, Ipiranga and Extrafarma.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultragaz's sales volume in the first quarter of 2021 decreased by 4% in relation to the same period of the previous year, due to the 5% reduction in sales in the bottled segment, mainly in the Southeast region, and influenced by the initial </font><font style="font-family: 'Times New Roman';">effects of the pandemic on the demand for LPG cylinders in March 2020, when there was a significant temporary increase in the product. In the bulk segment, the volume was 1% lower, due to lower sales to businesses and services, resulting from the effects o</font><font style="font-family: 'Times New Roman';">f the pandemic, partially offset by higher sales to industries.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga presented in the first quarter of 2021 a reduction of 2% in the volume sold in relation to the same period of the previous year, with a decrease of 6% in the Otto cycle, reflecting t</font><font style="font-family: 'Times New Roman';">he restriction measures imposed by the pandemic, and a 1% growth in diesel. In 2020, January and February were months of growth compared to the previous year, and the first impacts of the pandemic were felt from the second half of March. In 2021, volumes s</font><font style="font-family: 'Times New Roman';">tarted the year impacted by the pandemic, but the effects of the new restrictions from March 2021 were less severe than in the previous year.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">At Extrafarma, during the first quarter of 2021, approximately 5% of stores were temporarily closed, during the r</font><font style="font-family: 'Times New Roman';">ed phase of the pandemic.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 10pt;">Main risks and associated measures</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Credit risk - </font><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> actions</font><font style="font-family: 'Times New Roman';"> taken by the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and its subsidiaries&nbsp;</font><font style="font-family: 'Times New Roman';">throughout 2020 </font><font style="font-family: 'Times New Roman';">softened the impacts of the pandemic on Ipiranga&#8217;s clients' financial condition and, consequently, mitigated i</font><font style="font-family: 'Times New Roman';">ts potential effects on Ipiranga's default rates, that remained at the same levels as 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">. The effects of expected losses on doubtful accounts of quarter ended </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> are disclosed in Notes 5 and 33.d.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">business segment and did not identify the need for write-offs for the period ended on </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Risks in financial instruments - the increase in volatility in financial markets may impact financial results according to sensitivity analyzes </font><font style="font-family: 'Times New Roman';">presented in Note 33.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Liquidity risk </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">presented </font><font style="font-family: 'Times New Roman';">variations in their net debt position compatible with the results and the seasonality of their businesses.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The management of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">continue </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> discipline in control of costs and expenses to preserve cash in all business and selectivity in the allocation of capital</font><font style="font-family: 'Times New Roman';"> without compromising sustainable business growth</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; 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-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;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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;">. Clarifications on the cyber incident</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">According</font><font style="font-family: 'Times New Roman';"> communication sent to the </font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">arket on January 12</font><font style="font-family: 'Times New Roman';">, 2021 </font><font style="font-family: 'Times New Roman';">and January 25</font><font style="font-family: 'Times New Roman';">, 2021, t</font><font style="font-family: 'Times New Roman';">he Company suffered on January 11, 2021 a cyber incident of type ransomware in </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> information technology environment.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As a precautionary measure, the Company interrupted its systems, partially affecting, for a short period of time, the operations of its </font><font style="font-family: 'Times New Roman';">subsidiaries. </font><font style="font-family: 'Times New Roman';">Immediately, a</font><font style="font-family: 'Times New Roman';">ll security and control measures were adopted to remedy the situation and as of January 14, </font><font style="font-family: 'Times New Roman';">2021 </font><font style="font-family: 'Times New Roman';">the operational systems of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">began to be </font><font style="font-family: 'Times New Roman';">gradually re</font><font style="font-family: 'Times New Roman';">stored</font><font style="font-family: 'Times New Roman';">, with caution and </font><font style="font-family: 'Times New Roman';">security</font><font style="font-family: 'Times New Roman';">, according </font><font style="font-family: 'Times New Roman';">wi</font><font style="font-family: 'Times New Roman';">th</font><font style="font-family: 'Times New Roman';"> the priority and relevance of each affected process. </font><font style="font-family: 'Times New Roman';">Since January 25, 2021, as communicated to the market on that date, all the critical information systems of the Company and its subsidiaries are in full operation.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a </font><font style="font-family: 'Times New Roman';">specific </font><font style="font-family: 'Times New Roman';">insurance policy </font><font style="font-family: 'Times New Roman';">for cyber incidents (see Note 34.b),</font><font style="font-family: 'Times New Roman';">&nbsp;which has already been </font><font style="font-family: 'Times New Roman';">duly activated</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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';">2. Presentation </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arent</font><font style="font-family: 'Times New Roman';">&#8217;s separate</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> consolidated </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</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 Accounting Standard (&#8220;IAS&#8221;) 34 &#8211; Interim Financial Reporting</font><font style="font-family: 'Times New Roman';"> </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 </font><font style="font-family: 'Times New Roman';">in accordance with </font><font style="font-family: 'Times New Roman';">the pronouncement CPC 21 (R1) </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 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">All relevant </font><font style="font-family: 'Times New Roman';">specific </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The presentation currency of the Company&#8217;s </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is the Brazilian Real </font><font style="font-family: 'Times New Roman';">which is the Company&#8217;s functional currency.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries applied the accounting policies d</font><font style="font-family: 'Times New Roman';">escribed 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 th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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 </font><font style="font-family: 'Times New Roman';">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 Ipiranga, 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 Extrafarma, 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 Oxiteno, 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 Ultracargo, 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';">. At Abastece a&#237;, the revenue provided from storage services of digital payments is recognized as services are performed. 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>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';">
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br>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 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The am/pm franchising upfront</font><font style="font-family: 'Times New Roman';"> fee received by Ipiranga 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Deferred revenue from loyalty progr</font><font style="font-family: 'Times New Roman';">am 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 infor</font><font style="font-family: 'Times New Roman';">mation, see Note 23.b.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Exchange variations and the results of derivative financ</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="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;"><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$ </font><font style="font-family: 'Times New Roman';">16</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">634</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">14,110</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">).</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><font style="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;"><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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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';">up to 90 days of maturity</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 cash and cash equiva</font><font style="font-family: 'Times New Roman';">lents 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: 10pt;"><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: 10pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -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: </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">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>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -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';"> an</font><font style="font-family: 'Times New Roman';">d 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 adjustm</font><font style="font-family: 'Times New Roman';">ents&#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 measure</font><font style="font-family: 'Times New Roman';">d at fair value through other comprehensive income.</font></font></li>
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<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -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 va</font><font style="font-family: 'Times New Roman';">lue 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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiari</font><font style="font-family: 'Times New Roman';">es use financial instruments for hedging purposes, applying the concepts described below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -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 c</font><font style="font-family: 'Times New Roman';">an 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 conduct</font><font style="font-family: 'Times New Roman';">ing 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 </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>
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<p style="margin-top: 2pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 10pt; -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;Valuatio</font><font style="font-family: 'Times New Roman';">n 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 i</font><font style="font-family: 'Times New Roman';">ncome </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 </font><font style="font-family: 'Times New Roman';">be</font><font style="font-family: 'Times New Roman';"> discontinued when (i)</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 o</font><font style="font-family: 'Times New Roman';">ther 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>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>17</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></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: 10pt; -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 due to the fact that the local functional currency is different from the functional currency of the Company. The portion </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> portion and the operating costs are recognized </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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For further </font><font style="font-family: 'Times New Roman';">information on </font><font style="font-family: 'Times New Roman';">financial instruments, see Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="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;"><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: 10pt;"><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: 10pt;"><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';"> </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> 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';">(i) </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 sufficient to cover any loss on realization of trade receivables.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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 automo</font><font style="font-family: 'Times New Roman';">tive 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 </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">. 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: 10pt;"><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: 10pt;"><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: 10pt;"><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 meas</font><font style="font-family: 'Times New Roman';">ured 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 p</font><font style="font-family: 'Times New Roman';">rices 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 correspo</font><font style="font-family: 'Times New Roman';">nding 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 (i) 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 inven</font><font style="font-family: 'Times New Roman';">tory. 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Exclusive rights disbursements as provided in Ipiranga&#8217;s agreements with reseller service sta</font><font style="font-family: 'Times New Roman';">tions 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>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>18</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br>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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Investments in subsidiaries are accounted for under the equity method of accounting in the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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 v</font><font style="font-family: 'Times New Roman';">ariable returns on investment and has the ability to interfere in its financial and operational activities. Usually the equity interest in a subsidiary is more than 50%.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Investments in associates and joint ventures are accounted for under the equity metho</font><font style="font-family: 'Times New Roman';">d of accounting in the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> (see Note 12 items b and c). An associate is an investment, in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the</font><font style="font-family: 'Times New Roman';"> 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 t</font><font style="font-family: 'Times New Roman';">he 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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</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;">use assets and 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;"> payable</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">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 an</font><font style="font-family: 'Times New Roman';">d 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 </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> 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';">p</font><font style="font-family: 'Times New Roman';">eriodically </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';">t</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Right</font><font style="font-family: 'Times New Roman';">-of-</font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="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;"><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 </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: 10pt;"><font style="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;"><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;">Property, plant, and equipment</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="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;"><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';">, taking into account 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Lease</font><font style="font-family: 'Times New Roman';">s </font><font style="font-family: 'Times New Roman';">hold improvements are depreciated over the shorter of the l</font><font style="font-family: 'Times New Roman';">ease contract term and useful life of the property.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="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;"><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: 10pt;"><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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Goodwill is shown as intangible</font><font style="font-family: 'Times New Roman';"> assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the </font><font style="font-family: 'Times New Roman';">identifi</font><font style="font-family: 'Times New Roman';">able</font><font style="font-family: 'Times New Roman';"> 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></font></li>
</ul>
<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'; 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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 acc</font><font style="font-family: 'Times New Roman';">ount their useful lives, which are reviewed annually.</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Decarbonization Cred</font><font style="font-family: 'Times New Roman';">its (CBIOS) acquired are recorded at historical cost in intangible assets and are not amortized. These assets are used to settle the provision of CBIOS </font><font style="font-family: 'Times New Roman';">constituted</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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other assets are stated at the low</font><font style="font-family: 'Times New Roman';">er 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial liabilities include trade payables, other payables, </font><font style="font-family: 'Times New Roman';">financing, loans,&nbsp;</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 liabilit</font><font style="font-family: 'Times New Roman';">ies 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 relationsh</font><font style="font-family: 'Times New Roman';">ip 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: 10pt;"><font style="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;"><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 </font><font style="font-family: 'Times New Roman';">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';">.&nbsp;</font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>20</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Current and </font><font style="font-family: 'Times New Roman';">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';">. </font><font style="font-family: 'Times New Roman';">At the end of the fiscal year, the portion of </font><font style="font-family: 'Times New Roman';">the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve, in subsidiaries shareholders' equity, and is excluded from the dividend calculation base and subsequently capitalized.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Taxes are recognized based on the rat</font><font style="font-family: 'Times New Roman';">es of IRPJ and CSLL provided for by the laws enacted on the last day of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiar</font><font style="font-family: 'Times New Roman';">y 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';"> Ipiranga-branded service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when </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 </font><font style="font-family: 'Times New Roman';">inflation effect</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 r</font><font style="font-family: 'Times New Roman';">eviewed 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other liabilities are stated </font><font style="font-family: 'Times New Roman';">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>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>21</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';"> the Company and its subsidiaries are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">. The effect of the difference between those exchange rates is recognized in </font><font style="font-family: 'Times New Roman';">financial results</font><font style="font-family: 'Times New Roman';"> until the conclusion of each t</font><font style="font-family: 'Times New Roman';">ransaction.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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;">interim </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;">information</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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities of the foreign subsidiaries, denominated in currencies other than Brazilian Real, which have administrative autonomy, are translated using the exchange rate at the </font><font style="font-family: 'Times New Roman';">date of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">. Revenues and exp</font><font style="font-family: 'Times New Roman';">enses 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</font><font style="font-family: 'Times New Roman';"> equity </font><font style="font-family: 'Times New Roman';">in the &#8220;</font><font style="font-family: 'Times New Roman';">cumulative translation adjustments</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> and will be recognized in profit or loss if </font><font style="font-family: 'Times New Roman';">and when </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';">translation adjustments</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';">March</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';">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';">was a </font><font style="font-family: 'Times New Roman';">gain </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">319</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">444</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';">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';">on December 31, 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';"> 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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The foreign subsidiaries with functional currency different from the Company and which have administrative autonomy are </font><font style="font-family: 'Times New Roman';">listed below:</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Subsidiary</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Functional currency</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Location</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
</tr>
<tr style="height: 7.15pt;">
<td style="width: 205.55pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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 Servicios Corporativos S.A. de C.V.</font></font></p>
</td>
<td style="width: 106.3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="width: 113.4pt; 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;">Mexico</font></p>
</td>
</tr>
<tr style="height: 7.35pt; background-color: #cceeff;">
<td style="width: 205.55pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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 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="width: 106.3pt; vertical-align: top; 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;">Mexican Peso</font></p>
</td>
<td style="width: 113.4pt; 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;">Mexico</font></p>
</td>
</tr>
<tr style="height: 5.45pt;">
<td style="width: 205.55pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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 USA LLC</font></font></p>
</td>
<td style="width: 106.3pt; 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;">U.S. Dollar</font></p>
</td>
<td style="width: 113.4pt; 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;">United States</font></p>
</td>
</tr>
<tr style="height: 10.75pt; background-color: #cceeff;">
<td style="width: 205.55pt; 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'; font-size: 10pt;">Oxiteno Uruguay S.A. (i)</font></p>
</td>
<td style="width: 106.3pt; 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;">U.S. Dollar</font></p>
</td>
<td style="width: 113.4pt; 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;">Uruguay</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">(i) </font><font style="font-family: 'Times New Roman';">The subsidiary Oxiteno Uruguay S.A. (&#8220;Oxiteno 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities of the other foreign subsidiaries, which do not have administrat</font><font style="font-family: 'Times New Roman';">ive 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 recogn</font><font style="font-family: 'Times New Roman';">ized as financial </font><font style="font-family: 'Times New Roman';">result</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognized in </font><font style="font-family: 'Times New Roman';">income </font><font style="font-family: 'Times New Roman';">for the three-month period ended March 31, 2021</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">amounted to R$ </font><font style="font-family: 'Times New Roman';">11</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">925</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';">28</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">021</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the three-month period ended March 31, 2020</font><font style="font-family: 'Times New Roman';">).</font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>22</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The preparation of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">and subsidiaries&#8217; management use the best information available at the </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of preparation of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">, as well as the experience of past and current events, also considering assumptions regarding future events. The estim</font><font style="font-family: 'Times New Roman';">ates 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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The information regarding uncertainties related to the assumptions and</font><font style="font-family: 'Times New Roman';"> 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';">-of-</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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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 </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">ndefin</font><font style="font-family: 'Times New Roman';">ite</font><font style="font-family: 'Times New Roman';"> 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 cas</font><font style="font-family: 'Times New Roman';">h </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 th</font><font style="font-family: 'Times New Roman';">eir value in use.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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 incrementa</font><font style="font-family: 'Times New Roman';">l 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>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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 e</font><font style="font-family: 'Times New Roman';">valuated. 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 </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">-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 a</font><font style="font-family: 'Times New Roman';">mortization, if the impairment had not been recognized.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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 </font><font style="font-family: 'Times New Roman';">March 31, 2021</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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 </font><font style="font-family: 'Times New Roman';">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 th</font><font style="font-family: 'Times New Roman';">e </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 impairm</font><font style="font-family: 'Times New Roman';">ent 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 ac</font><font style="font-family: 'Times New Roman';">quisition</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 </font><font style="font-family: 'Times New Roman';">three-month period</font><font style="font-family: 'Times New Roman';"> ended on </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> there are not business combinations.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> statements of value added (&#8220;DVA&#8221;) </font><font style="font-family: 'Times New Roman';">are presented </font><font style="font-family: 'Times New Roman';">as an integral part of the </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> net of </font><font style="font-family: 'Times New Roman';">redemptions</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 </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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><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';"> </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">March</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';">2021</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: 10pt;"><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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Some of the Company's subsidiaries have debts and derivative instruments indexed to LIBOR (see Notes 16.c.1, 16.d and 33.g). In order to be prepared for the transition of the IBORs, the Company is monitoring the pronouncements of the authorities, as well as the measures that have been adopted, aiming at the adaptation of the various financial instruments to the new benchmarks. Currently, there is no impact of the change in LIBOR on the Company's operations.</font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>24</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br>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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><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';"> </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">w</font><font style="font-family: 'Times New Roman';">ere</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">authorized for issu</font><font style="font-family: 'Times New Roman';">anc</font><font style="font-family: 'Times New Roman';">e 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';">May</font><font style="font-family: 'Times New Roman';"> </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';">202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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';">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: 10pt;"><font style="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;"><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: 10pt;"><font style="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;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In the preparation of the consolidated </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="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;"><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 an</font><font style="font-family: 'Times New Roman';">d 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: 10pt;"><font style="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;"><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';">inte</font><font style="font-family: 'Times New Roman';">rim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>25</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; line-height: inherit;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; line-height: inherit;">Investments in </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; line-height: inherit;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; line-height: inherit;">ubsidiaries</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; line-height: inherit;"> </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The consolidated </font><font style="font-family: 'Times New Roman'; line-height: inherit;">financial </font><font style="font-family: 'Times New Roman'; line-height: inherit;">statements</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">include</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> the following direct and indirect subsidiaries:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<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>
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<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;">% interest in the share</font></p>
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<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: 1.28%; 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'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</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;">/20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">21</font></font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12/31/20</font><font style="font-family: 'Times New Roman'; font-weight: bold;">20</font></font></p>
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</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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
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<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
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<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
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</tr>
<tr style="height: 13px;">
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<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>
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<td style="width: 10.12%; vertical-align: bottom; height: 13px;">
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<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
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<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
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<td style="width: 7.84%; vertical-align: bottom; height: 13px;">
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<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
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<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
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<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
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<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
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<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Log&#237;stica Ltda.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oil Trading Importadora e Exportadora Ltda.</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic Lubrificantes S.A. </font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<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="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<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>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; 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: 10pt;"><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: 8pt;">(1)</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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uting&#225;s Armazenadora S</font><font style="font-family: 'Times New Roman';">.A.</font><font style="font-family: 'Times New Roman'; vertical-align: super;"> </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2)</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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cayman Islands</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imaven Im&#243;veis Ltda.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. </font></p>
</td>
<td style="width: 14.28%; 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'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 8pt;"><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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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: 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;">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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Centro de </font><font style="font-family: 'Times New Roman';">Conveni&#234;ncias Millennium Ltda.</font><font style="font-family: 'Times New Roman';"> and subsidiaries</font><font style="font-family: 'Times New Roman';"> </font><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">4</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></font></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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; 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;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-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: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Argentina Sociedad de Responsabilidad Ltda.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Argentina</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.</font></p>
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<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Uruguay S.A.</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px; 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;">Mexico</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Servicios Corporativos S.A. de C.V.</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Servicios Industriales S.A. de C.V.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Mexico</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno USA LLC</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px; 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;">Virgin Islands</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Europe SPRL</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Belgium</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Colombia S.A.S</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Colombia</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Shanghai LTD.</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">China</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</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: justify; 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;</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: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</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: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar International S.A.</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Luxembourg</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; 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'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; 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'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; 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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; 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'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">SERMA </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Ass. dos usu&#225;rios equip. proc. de dados</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px; 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;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px; 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;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px; 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;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: 0.78%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><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: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior </font><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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: 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;">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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 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: 44.32%; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 8pt;"><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: 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;">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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece&nbsp;a&#237;</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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt;"><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: 10pt; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The percentages in the table above are rounded</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(1) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Non </font><font style="font-family: 'Times New Roman'; line-height: inherit;">operating company in closing phase</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(2) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">I</font><font style="font-family: 'Times New Roman'; line-height: inherit;">n October 2020</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> there was a change in the share capital of the company Uting&#225;s, which became controlled by Companhia Ultragaz S.A.</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> (&#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: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">3</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">created</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">i</font><font style="font-family: 'Times New Roman'; line-height: inherit;">n </font><font style="font-family: 'Times New Roman'; line-height: inherit;">January</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 20</font><font style="font-family: 'Times New Roman'; line-height: inherit;">20 </font><font style="font-family: 'Times New Roman'; line-height: inherit;">to provide</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> valuation, business management and financial </font><font style="font-family: 'Times New Roman'; line-height: inherit;">advisory</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">services to UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> In September 2020 the company&#8217;s name was changed to &#8220;UVC Investimentos Ltda&#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: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">4</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">In May 2020 t</font><font style="font-family: 'Times New Roman'; line-height: inherit;">here was a c</font><font style="font-family: 'Times New Roman'; line-height: inherit;">hange in the participation of the capital of the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">subsidiary</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> Millen</font><font style="font-family: 'Times New Roman'; line-height: inherit;">n</font><font style="font-family: 'Times New Roman'; line-height: inherit;">ium</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> which became a direct subsidiary of the Company</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">5</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font><font style="font-family: 'Times New Roman'; line-height: inherit;">F</font><font style="font-family: 'Times New Roman'; line-height: inherit;">und constituted</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> on January 2020, the UVC has </font><font style="font-family: 'Times New Roman'; line-height: inherit;">the</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> purpose to </font><font style="font-family: 'Times New Roman'; line-height: inherit;">invest in promising companies that can leverage or complement the Company's business,</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> besides</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> to supporting the mapping and sharing of startups and new technologies</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt; line-height: 1;"><font style="font-size: 8pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">6</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">)</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Subsidiary</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> created in July 2020</font><font style="font-family: 'Times New Roman'; line-height: inherit;">,</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">focused on digital payments and electronic retail, </font><font style="font-family: 'Times New Roman'; line-height: inherit;">uniting</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8220;abastece a&#237;</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8221;</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">app </font><font style="font-family: 'Times New Roman'; line-height: inherit;">and </font><font style="font-family: 'Times New Roman'; line-height: inherit;">the </font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8220;</font><font style="font-family: 'Times New Roman'; line-height: inherit;">Km de Vantagens</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8221;</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> program</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.&nbsp;</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt; line-height: 1;"><br></p>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>26</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
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<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 </font><font style="font-family: 'Times New Roman';">financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to </font><font style="font-family: 'Times New Roman';">interest rate of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Interbank Deposit</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> Interest Rate</font><font style="font-family: 'Times New Roman';"> (&#8220;DI&#8221;)</font><font style="font-family: 'Times New Roman';">, in </font><font style="font-family: 'Times New Roman';">repurchase agreement</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financial bills,</font><font style="font-family: 'Times New Roman';"> and in short term investments funds, whose portfolio comprised of Brazilian Federal Government bonds</font><font style="font-family: 'Times New Roman';"> and in certificates of deposit of financial institutions</font><font style="font-family: 'Times New Roman';">; (ii) outside Brazil, in certificates of deposit of financial institu</font><font style="font-family: 'Times New Roman';">tions</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';">o</font><font style="font-family: 'Times New Roman';">f 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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">501</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">048</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </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';">672</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">160</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;31, 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';">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-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. Cash and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">cash equivalents</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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>
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<p style="margin-top: 0pt; 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>
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<p style="margin-top: 0pt; 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>
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<p style="margin-top: 0pt; 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>
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<p style="margin-top: 0pt; 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>
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<p style="margin-top: 0pt; 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>
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<p style="margin-top: 0pt; 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>
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<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>
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<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>
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<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>
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<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;">3,522</font></p>
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<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>
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<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;">9,419</font></p>
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<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>
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<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;">239,104</font></p>
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<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;">285,306</font></p>
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<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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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;">220,393</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;">119,775</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: 10px; background-color: #cceeff;">
<td style="width: 203.75pt; 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;">In local currency</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; page-break-inside: avoid; 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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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: 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: 45.65pt; 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="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;">943,235</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;">939,230</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;">3,441,797</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;">2,241,852</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;">31,909</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;">14,561</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; 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;">946,757</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; 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;">948,649</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; 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;">3,933,203</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; 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;">2,661,494</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'>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;">
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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'; 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';">a</font><font style="font-family: 'Times New Roman';">s 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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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;">03/31/2021</font></p>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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;">03/31/2021</font></p>
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<p style="margin-top: 0pt; margin-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>
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<td style="width: 45.6pt; 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: 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>
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<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>
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<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;">388,031</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;">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;">2,088,829</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>
</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-size: 10pt;"><font style="font-family: 'Times New Roman';">In foreign </font><font style="font-family: 'Times New Roman';">currency</font></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;">1,378,702</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>
</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;">1,100,314</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>
</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; 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;">388,031</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; 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;">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; 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;">4,567,845</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; 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;">6,010,666</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; 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: 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;">388,031</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;">88,100</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;">3,553,474</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;">5,033,258</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;">1,014,371</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>
</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;">(a) Accumulated gains, net of income tax (see Note 33.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-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="100%">

<tr style="height: 12.75pt;">
<td style="width: 305.7pt; 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: 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: 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;">03/31/2021</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-weight: bold; font-size: 8pt;">&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: 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: 12.75pt; background-color: #cceeff;">
<td style="width: 305.7pt; 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: 1pt; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,745,183</font></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-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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 305.7pt; 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: 1pt; 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: 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-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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 305.7pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign </font><font style="font-family: 'Times New Roman';">customers</font></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; page-break-inside: avoid; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">399,765</font></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-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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 305.7pt; 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: 1pt; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,278</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: right; page-break-inside: avoid; 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-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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 305.7pt; 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: 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: 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;">(383,913)</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;">(382,096)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 305.7pt; 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; page-break-inside: avoid; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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';">3,763,313</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: right; page-break-inside: avoid; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 305.7pt; 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: 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,702,468</font></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-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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 305.7pt; 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: 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">60,845</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: right; page-break-inside: avoid; 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-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>
</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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">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: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<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: 8pt;">&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: 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: 50.5pt; 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: 43.5pt; 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="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; 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: 45pt; 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="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: 50.5pt; 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: 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="width: 43.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">less than 30 days</font></p>
</td>
<td style="width: 42.55pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 44.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 43.45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 50.1pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">03/31/2021</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; 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';">4,147,226</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: 50.5pt; 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; 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';">3,331,531</font></font></p>
</td>
<td style="width: 43.5pt; 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; 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';">134,687</font></font></p>
</td>
<td style="width: 42.55pt; padding-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';">40,940</font></font></p>
</td>
<td style="width: 44.35pt; 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; 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';">31,351</font></font></p>
</td>
<td style="width: 43.45pt; 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; 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';">22,545</font></font></p>
</td>
<td style="width: 50.1pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">586,172</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 50.7pt; 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;">&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-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: 50.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.55pt; 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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.45pt; 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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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; 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: 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; 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="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: 50.5pt; 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; 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="width: 43.5pt; 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; 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="width: 42.55pt; padding-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';">27,970</font></font></p>
</td>
<td style="width: 44.35pt; 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; 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="width: 43.45pt; 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; 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="width: 50.1pt; 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-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>

</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: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 50.6pt; 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: 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: 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: 49.4pt; 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: 43.65pt; 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: 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="width: 50.6pt; 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: 45pt; 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="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: 49.4pt; 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="width: 43.65pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">less than 30 days</font></p>
</td>
<td style="width: 43.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 43.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 43.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 50.6pt; 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;">03/31/2021</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; 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';">383,913</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: 49.4pt; padding-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';">26,054</font></font></p>
</td>
<td style="width: 43.65pt; padding-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';">2,270</font></font></p>
</td>
<td style="width: 43.6pt; 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';">2,232</font></font></p>
</td>
<td style="width: 43.6pt; 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';">1,946</font></font></p>
</td>
<td style="width: 43.6pt; 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';">10,798</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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">340,613</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 50.6pt; 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;">&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-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: 49.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.65pt; 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>
<td style="width: 43.6pt; 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: 43.6pt; 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: 43.6pt; 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: 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;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 50.6pt; 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;">12/31/2020</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; 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="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: 49.4pt; padding-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';">21,219</font></font></p>
</td>
<td style="width: 43.65pt; padding-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';">2,154</font></font></p>
</td>
<td style="width: 43.6pt; 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';">1,751</font></font></p>
</td>
<td style="width: 43.6pt; 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';">2,233</font></font></p>
</td>
<td style="width: 43.6pt; 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';">13,378</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-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>

</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;" width="100%">

<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; 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';">382,096</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';">68,648</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;">(66,400)</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;">(431)</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 March 31, 2021</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; 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';">383,913</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.<br><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'>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;">
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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-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="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 297.2pt; 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: 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: 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;">03/31/2021</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-weight: bold; font-size: 8pt;">&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: 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: 12.75pt; background-color: #cceeff;">
<td style="width: 297.2pt; 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;">Reseller financing &#8211; Ipiranga</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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,146,176</font></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;">1,165,395</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 297.2pt; 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;">(-) Expected losses on doubtful accounts</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200,358)</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; 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;">(197,011)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 297.2pt; 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: 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">945,818</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; page-break-inside: avoid; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 297.2pt; 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;">Current</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: 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;">538,368</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;">549,129</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 297.2pt; 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;">Non-current</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: 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;">407,450</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;">419,255</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: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 53.55pt; 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: 8pt;">&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: 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: 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 colspan="5" style="width: 43.65pt; 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: 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="width: 53.55pt; 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-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; 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="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: 45pt; 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="width: 43.65pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">less than 30 days</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 48.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 53.55pt; 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;">03/31/2021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,146,176</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">749,141</font></p>
</td>
<td style="width: 43.65pt; padding-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;">21,238</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,902</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,913</font></p>
</td>
<td style="width: 48.85pt; 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;">315,961</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 53.55pt; 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-weight: bold; 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-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: 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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.65pt; 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>
<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-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-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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.85pt; 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: 53.55pt; 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;">12/31/2020</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; 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="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: 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; 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="width: 43.65pt; padding-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;">10,230</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; 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="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; 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="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; 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="width: 48.85pt; 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;">301,835</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: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 53.55pt; 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: 8pt;">&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: 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: 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 colspan="5" style="width: 45.1pt; 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; 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="width: 53.55pt; 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-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; 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="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: 45pt; 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="width: 45.1pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">less than 30 days</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 45.1pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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="width: 46.4pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 53.55pt; 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;">03/31/2021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,358</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,290</font></p>
</td>
<td style="width: 45.1pt; 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;">1,664</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">761</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">915</font></p>
</td>
<td style="width: 45.1pt; 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;">20,452</font></p>
</td>
<td style="width: 46.4pt; padding-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;">156,276</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 53.55pt; 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-weight: bold; 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-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: 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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.1pt; 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-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-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.1pt; 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: 46.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-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: 53.55pt; 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;">12/31/2020</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; 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; 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: 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; 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="width: 45.1pt; 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;">785</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; 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="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; 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="width: 45.1pt; 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;">14,684</font></p>
</td>
<td style="width: 46.4pt; padding-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;">154,461</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 expected losses on doubtful accounts are as </font><font style="font-family: 'Times New Roman';">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="100%">

<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, 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; 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';">197,011</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';">23,409</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; 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;">(19,752)</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;">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;">(310)</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;">Balance as of March 31, 2021</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; 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';">200,358</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 expected losses on doubtful accounts see Note </font><font style="font-family: 'Times New Roman';">33.d.3.</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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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-weight: bold;"><font style="font-family: 'Times New Roman';">6. Inventories</font><font style="font-family: 'Times New Roman';"> (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; font-weight: bold;">&nbsp;</font></p>
<p style="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; height: 183px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 127.25pt; 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="5" 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: 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;">03/31/2021</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="5" 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: 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: 10px;">
<td style="width: 127.25pt; 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: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">Provision for losses</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 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: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">Provision for losses</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 127.25pt; 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: 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-family: 'Times New Roman'; font-size: 10pt;">1,920,002</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: 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-family: 'Times New Roman'; font-size: 10pt;">(2,902)</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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,917,100</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: 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-family: 'Times New Roman'; font-size: 10pt;">1,682,841</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: 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-family: 'Times New Roman'; font-size: 10pt;">(5,344)</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: 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-family: 'Times New Roman'; font-size: 10pt;">1,677,497</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 127.25pt; 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: 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-family: 'Times New Roman'; font-size: 10pt;">700,824</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: 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-family: 'Times New Roman'; font-size: 10pt;">(20,285)</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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">680,539</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: 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-family: 'Times New Roman'; font-size: 10pt;">646,180</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: 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-family: 'Times New Roman'; font-size: 10pt;">(22,281)</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: 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-family: 'Times New Roman'; font-size: 10pt;">623,899</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 127.25pt; 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: 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-family: 'Times New Roman'; font-size: 10pt;">1,431</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: 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-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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,431</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: 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-family: 'Times New Roman'; font-size: 10pt;">1,450</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: 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-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: 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-family: 'Times New Roman'; font-size: 10pt;">1,450</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 127.25pt; 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';">Raw </font><font style="font-family: 'Times New Roman';">materials</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">761,422</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: 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-family: 'Times New Roman'; font-size: 10pt;">(1,667)</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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,755</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: 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-family: 'Times New Roman'; font-size: 10pt;">568,185</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: 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-family: 'Times New Roman'; font-size: 10pt;">(1,827)</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: 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-family: 'Times New Roman'; font-size: 10pt;">566,358</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 127.25pt; 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: 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-family: 'Times New Roman'; font-size: 10pt;">121,706</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: 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-family: 'Times New Roman'; font-size: 10pt;">(5,761)</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: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">115,945</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: 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-family: 'Times New Roman'; font-size: 10pt;">110,767</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: 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-family: 'Times New Roman'; font-size: 10pt;">(5,761)</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: 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-family: 'Times New Roman'; font-size: 10pt;">105,006</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 127.25pt; 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: 45pt; 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;">149,232</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: 45pt; 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;">(2,571)</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: 45.25pt; 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;">146,661</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: 45pt; 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: 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: 45pt; 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: 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: 45pt; 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>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 127.25pt; 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: 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-family: 'Times New Roman'; font-size: 10pt;">507,385</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: 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-family: 'Times New Roman'; font-size: 10pt;">(2,581)</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: 45.25pt; 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;">504,804</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: 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-family: 'Times New Roman'; font-size: 10pt;">521,689</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: 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-family: 'Times New Roman'; font-size: 10pt;">(2,611)</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: 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-family: 'Times New Roman'; font-size: 10pt;">519,078</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 127.25pt; 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';">Purchase for future delivery </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">338,500</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: 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-family: 'Times New Roman'; font-size: 10pt;">(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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">338,037</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: 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-family: 'Times New Roman'; font-size: 10pt;">198,986</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: 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-family: 'Times New Roman'; font-size: 10pt;">(464)</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: 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-family: 'Times New Roman'; font-size: 10pt;">198,522</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 127.25pt; 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: 45pt; 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: 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; 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: 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: 45.25pt; 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: 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; 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: 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; 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: 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; 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>
</tr>
<tr style="height: 17px;">
<td style="width: 127.25pt; 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: 45pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,528,034</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: 45pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,337)</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: 45.25pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,491,697</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: 45pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,887,1</font><font style="font-family: 'Times New Roman';">89</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: 45pt; 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; 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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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; 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;">3,846,196</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: 8pt;">(1)</font><font style="font-family: 'Times New Roman';"> Refers </font><font style="font-family: 'Times New Roman';">substantially </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">ethanol, biodiesel</font><font style="font-family: 'Times New Roman';"> and advance</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';">for</font><font style="font-family: 'Times New Roman';"> fuel</font><font style="font-family: 'Times New Roman';"> acquisition</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;">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;" width="100%">

<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;">
<p style="margin-top: 0pt; 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; 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;">40,993</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;">
<p style="margin-top: 0pt; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(836)</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;">
<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';">Reversals of </font><font style="font-family: 'Times New Roman';">obsolescence and other losses</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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,820)</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;">
<p style="margin-top: 0pt; 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 March 31, 2021</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;">36,337</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 provisions for </font><font style="font-family: 'Times New Roman';">losses related to inventories is shown in the table 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="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<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: 10pt;">&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; 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;">03/31/2021</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; 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: 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;">16,652</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;">17,488</font></p>
</td>
</tr>
<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; 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;">19,685</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;">23,505</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; 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;">36,337</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; 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>
</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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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-weight: bold;"><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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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="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="width: 73.0172%; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.2649%; 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;">03/31/2021</font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 73.0172%; 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;">ICMS (a.1)</font></p>
</td>
<td style="width: 12.2649%; 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';">1,226,328</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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';">1,129,325</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 73.0172%; 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;">PIS and COFINS (a.2) (a.3)</font></p>
</td>
<td style="width: 12.2649%; 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';">1,226,910</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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';">1,297,029</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 73.0172%; 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;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="width: 12.2649%; 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';">36,584</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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';">35,600</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 73.0172%; 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;">Others</font></p>
</td>
<td style="width: 12.2649%; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">58,289</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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-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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 73.0172%; 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: 12.2649%; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,548,111</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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-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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 73.0172%; 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;">Current</font></p>
</td>
<td style="width: 12.2649%; 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';">1,077,666</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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';">1,044,850</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 73.0172%; 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;">Non-current</font></p>
</td>
<td style="width: 12.2649%; 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';">1,470,445</font></font></p>
</td>
<td style="width: 2.04415%; 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: 12.592%; 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';">1,474,808</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';">(i) </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';"> 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';">Empresa</font><font style="font-family: 'Times New Roman';"> Carioca de Produtos Qu&#237;micos S.A. (&#8220;EMCA&#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';">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda. (&#8220;</font><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica&#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';">214</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">789</font><font style="font-family: 'Times New Roman';"> (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';"> as of December 31, 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';"> once predominantly carried out export operations, interstate outflow or deferred ICMS of products purchased</font><font style="font-family: 'Times New Roman';">&nbsp;within </font><font style="font-family: 'Times New Roman';">the State of Bahia</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';">(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';"> Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;IPP&#8221;)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Bahiana Distribuidora de G&#225;s 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&#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</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> Iconic Lubrificantes 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';">826</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">011</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">754</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">882</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';"> 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';">recognized</font><font style="font-family: 'Times New Roman';">, mainly, </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> the following nature</font><font style="font-family: 'Times New Roman';">: 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 (Petr&#243;leo Brasileiro 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 Ipiranga, Bahiana 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 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 Ex</font><font style="font-family: 'Times New Roman';">trafarma</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';">185</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">528</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">179</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">405</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';"> 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';"> 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 bas</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> is </font><font style="font-family: 'Times New Roman';">used </font><font style="font-family: 'Times New Roman';">higher than th</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> 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 amoun</font><font style="font-family: 'Times New Roman';">ts 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 </font><font style="font-family: 'Times New Roman';">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';">.<br><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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">The estimated recovery of ICMS assets is </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;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 363.2pt; 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;">Up to 1 year </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';">529,626</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 363.2pt; 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="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';">325,525</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 363.2pt; 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="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';">183,852</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 363.2pt; 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="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';">115,005</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 363.2pt; 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="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';">66,305</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 363.2pt; 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="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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6,015</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 363.2pt; 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 recoverable ICMS, net of provision</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; 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';">1,226,328</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';">provision for ICMS losses, in the amount of R$ 54,948 (R$ 52,338 as of December 31, 2020), relates to tax credits of the subsidiaries whose amounts are not included within the term determined by its policy.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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';"> </font><font style="font-family: 'Times New Roman';">The balance</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';"> PIS and COFINS</font><font style="font-family: 'Times New Roman';"> r</font><font style="font-family: 'Times New Roman';">efers, mainly, to </font><font style="font-family: 'Times New Roman';">credits recorded under Laws 10,637/2002 a</font><font style="font-family: 'Times New Roman';">nd 10,833/2003</font><font style="font-family: 'Times New Roman';"> in the amount of R$ </font><font style="font-family: 'Times New Roman';">692</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">911</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">651</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">051</font><font style="font-family: 'Times New Roman';"> as of December 31, 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';">, whose consumption will occur through the offset of debts administered by the Brazilian Federal Revenue Service (&#8220;RFB&#8221;) in an estimated term of 2 years by management. The subsidiaries Extrafarma, </font><font style="font-family: 'Times New Roman';">Tropical</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Transportes Ipiranga Ltda (&#8220;Tropical&#8221;), EMCA, Oleo</font><font style="font-family: 'Times New Roman';">qu&#237;mica </font><font style="font-family: 'Times New Roman';">and Oxiteno S.A. have credits</font><font style="font-family: 'Times New Roman';"> in the amount of R$ </font><font style="font-family: 'Times New Roman';">533</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">999</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">645</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">978</font><font style="font-family: 'Times New Roman';"> as of December 31, 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';"> 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 item a.3 below)</font><font style="font-family: 'Times New Roman';">. F</font><font style="font-family: 'Times New Roman';">or 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 Extrafar</font><font style="font-family: 'Times New Roman';">ma, Tequimar, Tropical and Oxiteno 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)</font><font style="font-family: 'Times New Roman';">, having been the respective subsidies to prove the amounts to be refunded properly confirmed by management and&nbsp;</font><font style="font-family: 'Times New Roman';">recorded in </font><font style="font-family: 'Times New Roman';">results</font><font style="font-family: 'Times New Roman';">.</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';">In the first quarter </font><font style="font-family: 'Times New Roman';">of 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">there are not additional recognition of credits in income</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">746,962</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">up to </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>
<p style="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 </font><font style="font-family: 'Times New Roman';">PIS and COFINS</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">credits</font><font style="font-family: 'Times New Roman';"> is 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="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; background-color: #cceeff;">
<td style="width: 334.15pt; 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;">Up to 1 year </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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">453,167</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 334.15pt; 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';">401,062</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 334.15pt; 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;">From 2 to 3 years</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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">203,884</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 334.15pt; 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';">From 3 to 5 </font><font style="font-family: 'Times New Roman';">years</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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">168,797</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 334.15pt; 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;">Total of recoverable PIS and COFINS</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; 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';">1,226,910</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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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-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-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>
<p style="margin-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;">
<td style="width: 190.95pt; 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 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-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; 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: 190.95pt; 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; 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;">03/31/2021</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; 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;">
<p style="margin-top: 0pt; margin-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; 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;">03/31/2021</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; 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: 12.75pt; background-color: #cceeff;">
<td style="width: 190.95pt; 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;">IRPJ and CSLL</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;">79,442</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;">87,359</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;">665,232</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;">627,285</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 190.95pt; 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;">Current</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;">39,997</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;">47,913</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;">404,985</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; page-break-inside: avoid; 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;">366,080</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 190.95pt; 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;">Non-current</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;">39,445</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;">39,446</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;">260,247</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; 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;">261,205</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;"><br></font></p>
<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';">8. Related </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arties</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New 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="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 231px; width: 100%;" width="100%">

<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 59.2pt; 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'; 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; 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: 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; 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; 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; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><br></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; 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-top: 0.75pt solid #000000 !important; height: 10px;">
<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;">Deben</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tures</font></font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 10px;">
<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; border-top: 0.75pt solid #000000 !important; 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;">Other receivables</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: 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; border-top: 0.75pt solid #000000 !important; 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;">Related parties</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Other 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; 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; 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;"> <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;">Financial income</font></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="width: 59.2pt; 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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">400,000<font style="font-size: 8pt;"><sup>(2)</sup></font></font></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: 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">47,841</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: 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; 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; 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: 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';">-</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,931<font style="font-size: 8pt;"><sup>(2)</sup></font></font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Cia Ultragaz S.A.</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-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: 7.1pt; 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; padding-right: 3pt; padding-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';">11,001</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: 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-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; 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: 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';">8,469</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: 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-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: 164.1pt; 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;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
</td>
<td style="width: 59.2pt; 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 7.1pt; 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;">&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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,872</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; 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: 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';">4,730</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; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">138</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; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</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-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: 7.1pt; 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; padding-right: 3pt; padding-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';">9,624</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: 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-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; 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: 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';">548</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: 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-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: 164.1pt; 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;">Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar</font></p>
</td>
<td style="width: 59.2pt; 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 7.1pt; 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;">&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: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,191</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; 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: 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';">-</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: 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-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: 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: 50.7pt; 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-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: 164.1pt; 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;">Ea&#237; Clube Automobilista S.A. </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-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: 7.1pt; 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; padding-right: 3pt; padding-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';">353</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: 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-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; 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: 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';">-</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; 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-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>
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</td>
<td style="width: 50.75pt; 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;">&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: 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; 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;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 164.1pt; 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 as of March 31, 2021</font></p>
</td>
<td style="width: 59.2pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">400,000</font></font></p>
</td>
<td style="width: 7.1pt; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">79,985</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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,730</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: 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; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">16,357</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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,931</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'>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 style="width: 8.5in; margin: 0 auto;">
<div>
<p><br></p>
</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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 248px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 163.95pt; 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="width: 59.2pt; 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 colspan="3" 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-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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><br></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 163.95pt; 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: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p 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></p>
</td>
<td style="width: 7pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 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: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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="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; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">Related <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;">parties</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<p 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;">Other </font><font style="font-family: 'Times New Roman'; font-weight: bold;">payables</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-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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: 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;">Financial income</font>&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 163.95pt; 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: 59.2pt; 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: 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: 50.8pt; 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: 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: 50.7pt; 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: 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: 50.75pt; 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: 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: 56.7pt; 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-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 163.95pt; 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;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="width: 59.2pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">753,459<font style="font-size: 8pt;"><sup>(1)</sup></font></font></font></p>
</td>
<td style="width: 7pt; 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: 50.8pt; 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; 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="width: 7pt; 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: 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-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: 7pt; 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: 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: 7pt; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,886<font style="font-size: 8pt;"><sup>(1)</sup></font></font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 163.95pt; 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;">Cia Ultragaz S.A.</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; 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: 7pt; 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: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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="width: 7pt; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 7pt; 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: 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';">8,469</font></font></p>
</td>
<td style="width: 7pt; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 163.95pt; 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;">SERMA - Ass. dos usu&#225;rios equip. proc. de dados</font></p>
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<td style="width: 59.2pt; 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="width: 7pt; 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: 50.8pt; 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="width: 7pt; 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>
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<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; 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>
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<td style="width: 7pt; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 7pt; 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: 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; 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>
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<tr style="height: 10px;">
<td style="width: 163.95pt; 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;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
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<td style="width: 59.2pt; 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="width: 7pt; 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="width: 50.8pt; 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="width: 7pt; 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="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; 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="width: 7pt; 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="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-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="width: 7pt; 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="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; 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>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 163.95pt; 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;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>
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<td style="width: 59.2pt; 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; 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: 7pt; 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: 50.8pt; 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; 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="width: 7pt; 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: 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-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: 7pt; 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: 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';">548</font></font></p>
</td>
<td style="width: 7pt; 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<tr style="height: 10px;">
<td style="width: 163.95pt; 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;">Centro de Conveni&#234;ncias Millennium Ltda.</font></p>
</td>
<td style="width: 59.2pt; 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="width: 7pt; 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="width: 50.8pt; 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';">3,700</font></font></p>
</td>
<td style="width: 7pt; 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>
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<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; 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>
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<td style="width: 7pt; 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>
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<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-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 7pt; 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>
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<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; 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: 163.95pt; 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 de Aratu S.A. &#8211; Tequimar</font></font></p>
</td>
<td style="width: 59.2pt; 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>
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<td style="width: 7pt; 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: 50.8pt; 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="width: 7pt; 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: 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; 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>
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<td style="width: 7pt; 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: 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';">277</font></font></p>
</td>
<td style="width: 7pt; 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: 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; 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>
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<tr style="height: 17px;">
<td style="width: 163.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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</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; 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: 7pt; 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: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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="width: 7pt; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 7pt; 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: 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: 7pt; 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: 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';">-</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: 163.95pt; 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;">UVC Investimentos Ltda </font></p>
</td>
<td style="width: 59.2pt; 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; 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: 7pt; 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: 50.8pt; 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; 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="width: 7pt; 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: 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-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: 7pt; 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: 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: 7pt; 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: 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-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: 163.95pt; 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;">Ea&#237; Clube Automobilista S.A. </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; 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: 7pt; 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: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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: 7pt; 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: 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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 7pt; 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: 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';">35</font></font></p>
</td>
<td style="width: 7pt; 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: 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';">-</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: 163.95pt; 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;">am/pm Comest&#237;veis Ltda.</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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: 7pt; 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: 50.8pt; 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="width: 7pt; 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: 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-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: 7pt; 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: 50.75pt; 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="width: 7pt; 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: 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-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: 163.95pt; 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: 59.2pt; 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; page-break-inside: avoid; 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.8pt; 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; page-break-inside: avoid; 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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; 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;">&nbsp;</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: 50.75pt; 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; page-break-inside: avoid; 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: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; 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; 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;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 163.95pt; 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;">Total as of December 31, 2020</font></p>
</td>
<td style="width: 59.2pt; 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; 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="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: 50.8pt; 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; 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="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: bottom; height: 17px; 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';">5,272</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: 50.75pt; 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; 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="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;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 163.95pt; 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'; font-size: 10pt;">Total as of March 31, 2020</font></p>
</td>
<td style="width: 59.2pt; 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="width: 1pt; 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="width: 50.8pt; 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="width: 1pt; 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="width: 50.7pt; 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="width: 1pt; 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="width: 50.75pt; 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="width: 1pt; 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="width: 50.7pt; 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;">8,886</font></p>
</td>
</tr>

</table>
<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; 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: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1) </font><font style="font-family: 'Times New Roman';">In March 2016</font><font style="font-family: 'Times New Roman';"> the subsidiary IPP made &#8203;&#8203;its second private offering in one single series of 75 debentures at face value of R$ 10,000,000.00 (ten million Brazilian Reais) each, nonconvertible into shares and unsecured</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> with m</font><font style="font-family: 'Times New Roman';">aturity on March 31, 2021 semiannual interest linked to DI</font><font style="font-family: 'Times New Roman';"> being</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subscribed the total </font><font style="font-family: 'Times New Roman';">by the Company</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The debentures were paid off on the maturity date.</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: 9pt;"><font style="font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">2</font><font style="font-family: 'Times New Roman'; vertical-align: super;">) </font></font><font style="font-family: 'Times New Roman';">In March 20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> the subsidiary IPP made &#8203;&#8203;its </font><font style="font-family: 'Times New Roman';">ninet</font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';"> private offering in one single series of </font><font style="font-family: 'Times New Roman';">400,000</font><font style="font-family: 'Times New Roman';"> debentures at face value of R$ 1,000.00 (</font><font style="font-family: 'Times New Roman';">one thousand</font><font style="font-family: 'Times New Roman';"> Brazilian Reais) each, nonconvertible into shares and unsecured</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> with maturity on March 31, 202</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';"> and semiannual interest linked to DI</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">being </font><font style="font-family: 'Times New Roman';">subscribed t</font><font style="font-family: 'Times New Roman';">he total </font><font style="font-family: 'Times New Roman';">by 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;"><br></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>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 style="width: 8.5in; margin: 0 auto;">
<p><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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-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-size: 10pt;"><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">between the Company and its subsidiaries with other 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>
<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: 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 colspan="3" style="width: 114.45pt; 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'; font-weight: bold; font-size: 8pt;">Loans</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: 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; 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;">Assets</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: 50.75pt; 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;">Liabilities</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: 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';">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></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: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<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: 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Routeasy Servi&#231;os de Assessoria Log&#237;stica Ltda. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2)</font></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;">7,362</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: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-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: 300.15pt; 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';">Others </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(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; background-color: #cceeff;">
<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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">731</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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: 10pt;">Total as of March 31, 2021</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,852</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: 50.75pt; 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;">3,606</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; 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: 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; 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: 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; 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: 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; 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: 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: 22px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; 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 da Bahia Ind&#250;stria e Com&#233;rcio S.A. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(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: 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: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 22px; background-color: #cceeff;">
<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: 22px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Routeasy Servi&#231;os de Assessoria Log&#237;stica Ltda. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2)</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<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: 22px;">
<p style="margin-top: 0pt; margin-bottom: 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: 22px;">
<p style="margin-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: 8pt;">(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: 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;">Total as of December 31, 2020</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;">2,824</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: 50.75pt; 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;">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></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: 8pt;">(1)</font><font style="font-family: 'Times New Roman';"> Loans contracted have indefinite terms and do not contain remuneration clauses.</font></font></p>
<p style="margin-top: 2pt; 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: 8pt;">(2)</font><font style="font-family: 'Times New Roman';"> The loans contracted have a term </font><font style="font-family: 'Times New Roman';">of 36 months </font><font style="font-family: 'Times New Roman';">and can be extended by mutual agreement between the parties</font><font style="font-family: 'Times New Roman';"> being remunerated by the DI plus </font><font style="font-family: 'Times New Roman';">3% p.a.</font></font></p>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; 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'>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 style="width: 8.5in; margin: 0 auto;">
<div>
<p><br></p>
</div>
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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 cellspacing="0" cellpadding="0" style="margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 266px;" width="100%">

<tr style="height: 17px;">
<td style="width: 207pt; 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="13" style="width: 60.75pt; 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: center; 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: 207pt; 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="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 10px;">
<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;">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; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Right-of-use assets</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 10px;">
<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;">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; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Leases payable</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Sales and services</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Purchases</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 207pt; 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;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,670</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">272</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,143</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Refinaria de Petr&#243;leo Riograndense S.A. </font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-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';">112,488</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">120,972</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 207pt; 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;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</font></p>
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<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><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</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">340</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">38</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 207pt; 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;">LA&#8217;7 Participa&#231;&#245;es e Empreend. Imob. Ltda. (a)</font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">10,536</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">10,046</font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">513</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 207pt; 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;">Chevron (Thailand) Limited</font></p>
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<td style="width: 60.75pt; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">243</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 48.75pt; 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; 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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<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: 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>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<tr style="height: 17px;">
<td style="width: 207pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; padding-right: 3pt; padding-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';">6</font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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: 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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 207pt; 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';">Chevron Lubricants Lanka </font><font style="font-family: 'Times New Roman';">PLC</font></font></p>
</td>
<td style="width: 60.75pt; 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; font-size: 10pt;"><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>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; 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; 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>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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</td>
<td style="width: 48.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Chevron Lubricants Oils S.A.</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">364</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-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: 207pt; 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;">Chevron Marine Products</font></p>
</td>
<td style="width: 60.75pt; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,445</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Chevron Oronite Brasil LTDA.</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-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';">45,743</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">39,215</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-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: 207pt; 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';">Chevron </font><font style="font-family: 'Times New Roman';">Products Company</font></font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">59,647</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">153,060</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Chevron Belgium NV</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-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; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,369</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-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: 207pt; 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 as of March 31, 2021</font></p>
</td>
<td style="width: 60.75pt; 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';">2,100</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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';">10,536</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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';">219,693</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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';">10,046</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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';">612</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; 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; 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';">319,797</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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';">513</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>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>
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<br>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 340px; 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="width: 207pt; 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="13" style="width: 60.75pt; 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: center; 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: 34px;">
<td style="width: 207pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 34px;">
<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;">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; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Right-of-use assets</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 34px;">
<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;">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; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Leases payable</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Sales and services</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Purchases</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 207pt; 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;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,857</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<tr style="height: 17px;">
<td style="width: 207pt; 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;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; 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: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; 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: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-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';">65,215</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; 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: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; 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: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">75,313</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.35pt; 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>
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</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 207pt; 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;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</font></p>
</td>
<td style="width: 60.75pt; 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; font-size: 10pt;"><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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">562</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; 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; font-size: 10pt;"><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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<tr style="height: 17px;">
<td style="width: 207pt; 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';">LA&#8217;7 </font><font style="font-family: 'Times New Roman';">Participa&#231;&#245;es e Empreend. Imob. Ltda. (a)</font></font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; 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: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-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';">8,635</font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">8,044</font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">394</font></font></p>
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<td style="width: 207pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 60.75pt; 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; font-size: 10pt;"><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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; 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; 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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; 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; font-size: 10pt;"><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>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; padding-right: 3pt; padding-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';">6</font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Latin America Marketing LLC</font></p>
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<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</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Lanka PLC</font></p>
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<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</font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 207pt; 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;">Chevron Lubricants Oils S.A.</font></p>
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<td style="width: 60.75pt; 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; font-size: 10pt;"><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>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 207pt; 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;">Chevron Marine Products</font></p>
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<td style="width: 60.75pt; padding-right: 3pt; padding-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';">1,873</font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<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: 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>
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<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
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<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
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<td style="width: 207pt; 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;">Chevron Oronite Brasil LTDA.</font></p>
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<td style="width: 60.75pt; 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; 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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 60.75pt; 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; 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>
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<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="width: 48.75pt; 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; font-size: 10pt;"><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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Chevron Products Company</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; padding-right: 3pt; padding-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';">87,754</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-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: 207pt; 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;">Chevron Belgium NV</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; font-size: 10pt;"><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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-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';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207pt; 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;">Chevron Petroleum CO Colombia</font></p>
</td>
<td style="width: 60.75pt; 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; font-size: 10pt;"><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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-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; 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-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: 207pt; 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 as of December 31, 2020</font></p>
</td>
<td style="width: 60.75pt; 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-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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.75pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,635</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 48.75pt; 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-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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,044</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 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: 207pt; 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;">Total as of March 31, 2020</font></p>
</td>
<td style="width: 60.75pt; 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: 3pt; 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: 60.75pt; 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: 3pt; 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: 48.75pt; 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: 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: 47.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.25pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">562</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; 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; 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';">80,200</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.35pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">394</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: 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: 8pt;">(1)</font><font style="font-family: 'Times New Roman';"> Included in &#8220;domestic trade receivables&#8221;, &#8220;domestic trade payables&#8221; and &#8220;domestic trade payables &#8211; reverse factoring&#8221;, respectively.</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: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(a) Refers to rental contracts of 15 drugstores owned by LA&#8217;7 as of </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> and December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, a company </font><font style="font-family: 'Times New Roman';">of the forme</font><font style="font-family: 'Times New Roman';">r shareholders of Extrafarma that are</font><font style="font-family: 'Times New Roman';"> current shareholders of Ultrapar.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 cu</font><font style="font-family: 'Times New Roman';">stomers 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';"> ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Solu&#231;&#245;es de Mobilidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Eletr&#244;nica S.A. (&#8220;ConectCar&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">refer to </font><font style="font-family: 'Times New Roman';">services</font><font style="font-family: 'Times New Roman';"> provided</font><font style="font-family: 'Times New Roman';">. In the opinion of the Company and its subsidiaries&#8217; management, transactions with related parties are not subject to credit risk, </font><font style="font-family: 'Times New Roman';">therefore, no provision for expected losses on accounts rece</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">vable or guarantees are recorded</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Guarantees</font><font style="font-family: 'Times New Roman';"> 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';">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;"><br></p>
</div>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>38</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
</div>
</div>
<div>
<div style="-aw-different-first-page: true; -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: 10pt; text-align: justify; line-height: 115%; 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-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 t</font><font style="font-family: 'Times New Roman';">o 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</font><font style="font-family: 'Times New Roman';">/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 linke</font><font style="font-family: 'Times New Roman';">d to: (i) the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that are based on the strategic plan and are focused on expansion and operational excellence projects, people development an</font><font style="font-family: 'Times New Roman';">d market positioning, among others. Further details about the Deferred Stock Plan are contained in Note 8.c and about post</font><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman';">employment benefits in Note </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">.b.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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';"> a</font><font style="font-family: 'Times New Roman';">s 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="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 310.3pt; 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-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;">03/31/2021</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-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;">
<p style="margin-top: 0pt; margin-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;">03/31/2020</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 310.3pt; 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;">Short-term compensation</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;">10,729</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;">11,107</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 310.3pt; 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;">Stock compensation</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;">3,187</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;">2,657</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 310.3pt; 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;">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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">617</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;">617</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 310.3pt; 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;">Total</font></p>
</td>
<td style="width: 45.6pt; 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;">14,533</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: 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;">14,381</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;">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 i</font><font style="font-family: 'Times New Roman';">s subject to the </font><font style="font-family: 'Times New Roman';">number</font><font style="font-family: 'Times New Roman';"> of shares in treasury. Ultrapar&#8217;s Board of Directors </font><font style="font-family: 'Times New Roman';">members are </font><font style="font-family: 'Times New Roman';">not </font><font style="font-family: 'Times New Roman';">eligible</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">participate in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">stock</font><font style="font-family: 'Times New Roman';"> plan.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The fair value of the awards </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> determined on the grant date based on the market value of the shares on the </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">, the Brazilian Securities, Commodities and Futures Exchange</font><font style="font-family: 'Times New Roman';"> and the amounts are amortized </font><font style="font-family: 'Times New Roman';">between</font><font style="font-family: 'Times New Roman';"> five </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">seven</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years from the </font><font style="font-family: 'Times New Roman';">grant date</font><font style="font-family: 'Times New Roman';">.<br><br></font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>39</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-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: 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">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>
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<td style="width: 64.85pt; 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-weight: bold; font-size: 8pt;">Grant date</font></p>
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<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: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Balance of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">number of shares granted</font></font></p>
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<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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Vesting period</font></p>
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<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: 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total grant costs, including taxes</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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: 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-weight: bold; font-size: 8pt;">Accumulated recognized grant costs</font></p>
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<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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
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<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: 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>
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<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; 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="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: 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';">253,330</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: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023 </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; 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="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: 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="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: 8pt;"><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; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,709)</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: 8pt;"><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; 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';">2,438</font></font></p>
</td>
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<tr style="height: 10px;">
<td style="width: 64.85pt; 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;">December 10, 2014</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #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';">266,660</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: 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="width: 56.35pt; 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';">25.32</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #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';">28,405</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: 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="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #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;">(27,059)</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: 8pt;"><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; border-bottom: 1pt solid #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';">1,346</font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 64.85pt; 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;">&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; 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';">519,990</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: 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="width: 56.35pt; 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="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: 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';">45,552</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: 8pt;"><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: 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,768)</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: 8pt;"><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: 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: 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';">3,784</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';">F</font><font style="font-family: 'Times New Roman';">or the three-month period ended M</font><font style="font-family: 'Times New Roman';">arch 31, 202</font><font style="font-family: 'Times New Roman';">1</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">014</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">974</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 three-month period ended M</font><font style="font-family: 'Times New Roman';">arch 31, 2020</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, 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;">702,260</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: 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;">(182,270)</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 March 31, 2021</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; 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;">519,990</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';">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 b</font><font style="font-family: 'Times New Roman';">y 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';">subsidiari</font><font style="font-family: 'Times New Roman';">es.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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.<br><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'>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 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 style="font-family: 'Times New Roman';"><br></font></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">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: 186px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 19.8529%; 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-weight: bold; font-size: 8pt;">Program</font></p>
</td>
<td style="width: 14.2157%; 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-weight: bold; font-size: 8pt;">Grant date</font></p>
</td>
<td style="width: 9.80392%; 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: 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="width: 10.2941%; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Vesting period</font></p>
</td>
<td style="width: 10.7843%; 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: 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="width: 8.57843%; 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: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total grant costs, including taxes</font></p>
</td>
<td style="width: 1.96078%; 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; 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: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Accumulated </font><font style="font-family: 'Times New Roman'; font-weight: bold;">recognized grant costs</font></font></p>
</td>
<td style="width: 1.96078%; 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.0294%; 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: 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: 16px; background-color: #cceeff;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">Restricted</font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">October 1, 2017</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">240,000</font></font></p>
</td>
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">2023</font></p>
</td>
<td style="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">38.19</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">12,642</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">(7,375)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">5,267</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">38.19</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">2,341</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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;">(1,936)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">405</font></font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Restricted and </font><font style="font-family: 'Times New Roman';">performance</font></font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">April 4, 2018</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">121,720</font></font></p>
</td>
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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 to 2023</font></p>
</td>
<td style="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">34.35</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">7,798</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">(5,958)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">1,840</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">19.58</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">2,161</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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;">(900)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">1,261</font></font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">Restricted</font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">September 24, 2018</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">80,000</font></font></p>
</td>
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">2024</font></p>
</td>
<td style="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">18.40</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">2,030</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">(846)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">1,184</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Restricted and </font><font style="font-family: 'Times New Roman';">performance</font></font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">23.25</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">19,819</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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;">(10,501)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">9,318</font></font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">Restricted</font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">September 2, 2019</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">440,000</font></font></p>
</td>
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">2025</font></p>
</td>
<td style="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">16.42</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">9,965</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">(2,630)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">7,335</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">12.53</font></font></p>
</td>
<td style="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">17,640</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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;">(4,623)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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';">13,017</font></font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">Restricted</font></p>
</td>
<td style="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">September 16, 2020</font></p>
</td>
<td style="width: 9.80392%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">700,000</font></font></p>
</td>
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">2026</font></p>
</td>
<td style="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">23.03</font></font></p>
</td>
<td style="width: 8.57843%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">22,236</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.3971%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">(2,162)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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="width: 11.0294%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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';">20,074</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 19.8529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 14.2157%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 16px;">
<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="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 10.7843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 8.57843%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 16px;">
<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;96,632</font></font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 16px;">
<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;">(36,931)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<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="width: 11.0294%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;59,701</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';">F</font><font style="font-family: 'Times New Roman';">or the three-month period ended M</font><font style="font-family: 'Times New Roman';">arch 31, 202</font><font style="font-family: 'Times New Roman';">1</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';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">586</font><font style="font-family: 'Times New Roman';">&nbsp;</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';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">455</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 three-month period ended M</font><font style="font-family: 'Times New Roman';">arch 31, 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.&nbsp;</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'>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 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: 9pt;"><br></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<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: 549px; 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="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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2021</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; 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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 54%;">
<p style="margin-top: 0pt; 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: 10%;">
<p style="margin-top: 0pt; 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: 10%;">
<p style="margin-top: 0pt; 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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="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: 10%;">
<p style="margin-top: 0pt; 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;">73,902</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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>
</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;">138,464</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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>
</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;">1,192</font></p>
</td>
<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;">1,078</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;">97,274</font></p>
</td>
<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>
</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 differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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;">706,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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>
</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;">5,084</font></p>
</td>
<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>
</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Business combination &#8211; tax basis vs. accounting basis of </font><font style="font-family: 'Times New Roman';">goodwill</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;">-</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;">34,189</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>
</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;">16,198</font></p>
</td>
<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>
</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;">7,689</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">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;">70,223</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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>
</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;">3,033</font></p>
</td>
<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;">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;">21,546</font></p>
</td>
<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>
</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;">1,066</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">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;">48,852</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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>
</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;">19,649</font></p>
</td>
<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;">19,649</font></p>
</td>
<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>
</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;">19,203</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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>
</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;">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;">13,933</font></p>
</td>
<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>
</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Tax losses and negative basis for social contribution </font><font style="font-family: 'Times New Roman';">carryforwards (9.d)</font></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;">34,849</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;">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;">441,482</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>
</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-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67,573</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: 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; 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;">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-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,706,357</font></p>
</td>
<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; 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;">1,588,001</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 liability balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,413)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(644,994)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</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="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;">62,160</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;">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="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;">1,061,363</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;">974,711</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;">&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>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-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-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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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;">&nbsp;</font></p>
</td>
<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;">&nbsp;</font></p>
</td>
<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;">&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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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;">1,754</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">1,776</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;">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; 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;">1,667</font></p>
</td>
<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;">1,895</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 differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">479,575</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">402,780</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 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;">92,242</font></p>
</td>
<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;">92,242</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;">Business combination &#8211; fair value of 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: 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;">69,823</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">111,832</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;">Temporary differences of foreign subsidiaries</font></p>
</td>
<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;">5,305</font></p>
</td>
<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;">6,438</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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>
</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;">6,995</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">12,196</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="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;">80</font></p>
</td>
<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;">3,916</font></p>
</td>
<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;">3,301</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;">Total</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,413</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">662,410</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</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;">Offset asset balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,413)</font></p>
</td>
<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; 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;">(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-bottom: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(644,994)</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; page-break-inside: 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; 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;">(613,290)</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;">Net balance of deferred taxes liabilities</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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,416</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: 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;">12,732</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; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 4%;"><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;">(i)</font></td>
<td style="width: 96%;"><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';">Refers mainly to the income tax on the exchange variation of t</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';">he<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';">derivate<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';">hedging instruments.</font></td>
</tr>

</table>
<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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">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: 140px; 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="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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2020</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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2021</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; 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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2020</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: 52%;">
<p style="margin-top: 0pt; 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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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: 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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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; 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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">961,979</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">646,163</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Deferred IRPJ and </font><font style="font-family: 'Times New Roman';">CSLL recognized in income of the period</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;">(2,834)</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;">(6,656)</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;">5,433</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;">(28,824)</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="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;">&#8208;</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;">78,763</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;">254,201</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;">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; page-break-inside: 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;">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; page-break-inside: 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;">(2,228)</font></p>
</td>
<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;">12,310</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; 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;">62,160</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: 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;">34,958</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: 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;">1,043,947</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: 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;">883,850</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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">In order to evaluate the </font><font style="font-size: 10pt; font-family: 'Times New Roman';">realization of</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">deferred tax assets, the taxable income projections from</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">business plans of each segment of the Company</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';">which indicates trends and perspectives, demand effects, competition and other economic factors</font><font style="font-size: 10pt; font-family: 'Times New Roman';">, and</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> that represent the management&#8217;s best </font><font style="font-size: 10pt; font-family: 'Times New Roman';">estimate about the economic conditions existing during the period of realization of the deferred tax asset were taken into account.</font><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;">&nbsp;</font></p>
<p style="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;G</font><font style="font-family: 'Times New Roman';">DP&#8221;), exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price index, among others. The</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">balance of </font><font style="font-family: 'Times New Roman';">Company and its subsidiaries 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';">,</font><font style="font-family: 'Times New Roman';">706</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">357</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> parent of R$ 67,573</font><font style="font-family: 'Times New Roman';"> was supported by the technical study on taxable profi</font><font style="font-family: 'Times New Roman';">t projections for the realization of deferred tax assets, examined by the Fiscal Council</font><font style="font-family: 'Times New Roman';"> and by the Audit and Risks Committee</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<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>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>43</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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;">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-size: 10pt;"><font style="font-family: 'Times New Roman';">IRPJ and CSLL are reconciled to the </font><font style="font-family: 'Times New Roman';">statutory tax rates 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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<p style="margin-top: 0pt; margin-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>
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<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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
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<p style="margin-top: 0pt; margin-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>
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<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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
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<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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2021</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; 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; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-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;">03/31/2020</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: 54%;">
<p style="margin-top: 0pt; 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 before taxes</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,997</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">167,685</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,451</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">305,979</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-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; 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;">(45,899)</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; 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;">(57,013)</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; 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;">(81,073)</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; 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;">(104,033)</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;">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="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;">&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;">&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;">&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;">&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;">&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;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nondeductible expenses (i)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,760)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">(2,470)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">(13,925)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">(11,075)</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;">Nontaxable revenues (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; 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;">5,047</font></p>
</td>
<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;">6,935</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';">Adjustment to </font><font style="font-family: 'Times New Roman';">estimated income (iii)</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;">84</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">2,002</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;">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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;">(23,273)</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;">(42,648)</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;">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48,978</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;">52,649</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;">(4,155)</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;">(4,226)</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;">(3,153)</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; page-break-inside: 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;">8</font></p>
</td>
<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;">4,532</font></p>
</td>
<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;">(75)</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-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; 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;">(2,834)</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; 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;">(6,826)</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; 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;">(112,763)</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; 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;">(153,120)</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;">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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;">-</font></p>
</td>
<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;">11,742</font></p>
</td>
<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;">16,007</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-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="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;">(2,834)</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; 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';">(</font><font style="font-family: 'Times New Roman';">6,826)</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; 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;">(101,021)</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; 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;">(137,113)</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;">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;">-</font></p>
</td>
<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;">(170)</font></p>
</td>
<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;">(106,454)</font></p>
</td>
<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;">(108,289)</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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,834)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">(6,656)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">5,433</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New 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;">(28,824)</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;">Effective IRPJ and CSLL rates &#8211; %</font></p>
</td>
<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;">2.1</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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;">4.1</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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;">42.4</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<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;">44.8</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'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 4%;" 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="vertical-align: top; width: 96%;" 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';">C</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';">onsist<font>&nbsp;</font>of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets</font><font style="color: #000000; font-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';"><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';">negative effects of foreign subsidiaries<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 certain provisions</font></td>
</tr>
<tr>
<td style="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';">(ii)</font><font style="color: #000000; font: 13.3333px 'Times New Roman'; 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;">&nbsp;</font></td>
<td style="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';">C</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';">onsist<font>&nbsp;</font>of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes and the reversal of certain provisions</font><font style="color: #000000; font-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="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="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';">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$<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';">7</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';">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 calculate</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';">d based on the effective taxable income of these subsidiaries. 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; 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';">adjustment to estimated income represents 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; 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';">difference between the taxation under this alternative method and the income and social contribution taxes that would have been pa</font><font style="color: #000000; font-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';">id</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>based on t</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';">he effective statutory rate applied to the taxable income of these subsidiaries</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="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="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';">See Note 9.d</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>

</table>
<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: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;</font></font></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 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: 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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;">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';">For belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of region operated by the Superintendence for the Development of the Northeast (&#8220;SUDENE&#8221;), the following subsidiaries, in compliance with the current law have entitled to federal tax benefits providing for IRPJ reduction under:</font></font></p>
<p style="margin-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: 204px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 64.5833%;">
<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;">Subsidiary</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 15.4412%;">
<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;">Units</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 9.92647%; text-align: right;">
<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;">Incentive - %</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 9.92647%; text-align: right;">
<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;">Expiration</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mataripe base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Caucaia base</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Juazeiro base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aracaju base</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Suape base</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: bottom; height: 19px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar</font></p>
</td>
<td style="vertical-align: bottom; height: 19px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Suape terminal</font><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></font></p>
</td>
<td style="vertical-align: bottom; height: 19px; width: 9.92647%;">
<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="vertical-align: bottom; height: 19px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aratu terminal</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: bottom; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Itaqui terminal</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 10px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos </font><font style="font-family: 'Times New Roman';">Qu&#237;micos Ltda.</font></font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 10px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="vertical-align: bottom; height: 22px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></font></p>
</td>
<td style="vertical-align: bottom; height: 22px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; height: 22px; width: 9.92647%;">
<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="vertical-align: bottom; height: 22px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.5833%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 15.4412%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<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="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><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>
<table style="width: 100%; margin-left: 0.1px; height: 34px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; width: 4%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: 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; width: 96%; 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: -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';">Based on the legislation in force 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; 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';">enterprise</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>belongs to the sectors identified as priorities for the development of the Northeast region of Brazil</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><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></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';">C</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';">ombined<font>&nbsp;</font>with<font>&nbsp;</font>Tequimar's<font>&nbsp;</font>successful track record in meeting the requirements for maintaining 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: -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';">renewing the incentive, as well as in the fact<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';">that</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>several investments have been made in the modernization of the production process of the unit that is the object of the benefit Suape<font>&nbsp;</font>Terminal, the</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>request for the</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>extension of the incentive for another</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>10 years</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></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';">filed in 2021 at SUDENE</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>and, when approved, will have retroactive<font>&nbsp;</font>effe</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';">ct since January 2021.</font></td>
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<td style="height: 17px; vertical-align: top;" valign="top"><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: 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-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';">2</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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">)&nbsp;</font></font></td>
<td style="height: 17px; 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: 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';">The request to transfer the right to reduce the IRPJ to<font>&nbsp;</font>Oxiteno<font>&nbsp;</font>S</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';">A</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';"><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';">was</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>submitted to SUDENE</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>and waits decision</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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New 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';">March</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';">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';">,</font><font style="font-family: 'Times New Roman';">923</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">872</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';"> as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and negative basis of CSLL of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">25,</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</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';">as of December 31, 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';">, 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.<br><br></font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br>Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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';">The balances which are constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base are as </font><font style="font-family: 'Times New Roman';">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>
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<p style="margin-top: 0pt; margin-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;">03/31/2021</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-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; 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: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">247,413</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: middle; 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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,604</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; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font 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; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oil Trading</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,567</font></p>
</td>
<td 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: 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;">-</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;">Ultrapar</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,016</font></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: 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;">27,736</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;">Ipiranga</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,343</font></p>
</td>
<td 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: 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;">44,537</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;">Abastece&nbsp;a&#237;</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,975</font></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: 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;">7,362</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;">Iconic</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,656</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font 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; 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>
</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;">Tequimar Vila do Conde</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,079</font></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: 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;">489</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;">Ultracargo</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">115</font></p>
</td>
<td 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: 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;">107</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;">UVC Investimentos</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; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</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;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">441,482</font></p>
</td>
<td 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: middle; 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>
</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;" width="100%">

<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; 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;">
<p style="margin-top: 0pt; margin-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;">03/31/2021</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-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; 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: 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; 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: bottom; 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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">298,134</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</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;">Integra Frotas</font></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;">8,820</font></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;">7,802</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;">Millennium</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;">757</font></p>
</td>
<td 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;">640</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;">&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;">307,711</font></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;">302,842</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 addition, certain</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">foreign subsidiaries</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">have</font><font style="font-family: 'Times New Roman';">&nbsp;income </font><font style="font-family: 'Times New Roman';">tax loss carryforwards</font><font style="font-family: 'Times New Roman';">, as shown below, subject to local compensation rules.</font></font></p>
<p style="margin-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: 121px; 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;">03/31/2021</font></p>
</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;">03/31/2021</font></p>
</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>
</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; 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: 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;">US$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">US$</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; 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: 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;">R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$</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: 54%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno USA</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">227,003</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,293,305</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: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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>
</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 Uruguay</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;">7,943</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;">45,255</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;">41,279</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;">Ultrapar International</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;">5,518</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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;">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;">31,440</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: 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>
</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;">240,464</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;">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;">1,370,000</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>
</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'>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 style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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-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</font></font></p>
<p style="margin-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: 267px; 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; 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; 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: 193.85pt; 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; border-top: 0.75pt solid #000000 !important; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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: 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; border-top: 0.75pt solid #000000 !important; 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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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: 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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: 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; border-top: 0.75pt solid #000000 !important; 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; background-color: #cceeff;">
<td style="width: 193.85pt; 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;">Rents</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;">20,909</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;">30,400</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; 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="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; text-align: right; page-break-inside: avoid; 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; text-align: right; page-break-inside: avoid; 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;">25,673</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;">17,752</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; 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="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;">2,750</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;">2,970</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;">8,885</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;">9,900</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; 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="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;">7,185</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;">971</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;">66,753</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;">58,675</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; 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="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;">3,855</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;">3,105</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;">28,801</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;">24,233</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; 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="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;">556</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;">526</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;">10,297</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;">8,924</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; 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="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;">767</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;">15,119</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;">2,632</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 193.85pt; 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="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;">-</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;">-</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;">31,332</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;">36,068</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; 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="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;">-</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;">-</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;">13,692</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;">14,045</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 193.85pt; 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; 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;">15,113</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; 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;">7,572</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; 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;">221,461</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;">202,629</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; 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: 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;">12,032</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;">3,684</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;">162,002</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;">132,122</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; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,081</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;">3,888</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;">59,459</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;">70,507</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-weight: bold;"><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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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 agreements with reseller service stations and major consumers that are recognized at the time of their occurrence and </font><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';"> the contracts </font><font style="font-family: 'Times New Roman';">amortization weighted average term </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> five years</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';">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: #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 as of December 31, 2019</font></p>
</td>
<td style="width: 1.1pt; 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;">1,465,989</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: 0pt; 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: 1.1pt; 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;">160,321</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;">Amortization</font></p>
</td>
<td style="width: 1.1pt; 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;">(82,860)</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;">Transfer</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; text-align: right; page-break-inside: avoid; 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;">(4,137)</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 as of March 31, 2020</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; page-break-inside: avoid; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,539,313</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;">Current</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; text-align: right; page-break-inside: avoid; 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;">473,483</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;">Non-current</font></p>
</td>
<td style="width: 1.1pt; 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;">1,065,830</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 as of December 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; page-break-inside: avoid; 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;">1,706,331</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;">Additions</font></p>
</td>
<td style="width: 1.1pt; 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;">108,107</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;">Amortization</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; text-align: right; page-break-inside: avoid; 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;">(48,214)</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;">Transfer</font></p>
</td>
<td style="width: 1.1pt; 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-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;">(4,749)</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 as of March 31, 2021</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; text-align: right; page-break-inside: avoid; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,761,475</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;">Current</font></p>
</td>
<td style="width: 1.1pt; 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;">490,869</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;">Non-current</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; text-align: right; page-break-inside: avoid; 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;">1,270,606</font></p>
</td>
</tr>

</table>
<div style="-aw-different-first-page: true; -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>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
</div>
</div>
<div>
<div style="-aw-different-first-page: true; -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'>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 style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -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;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
<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';">The table below presents the amount reconciliation of</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">share of profit (loss) of subsidiaries, joint ventures and 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="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 101px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 368.5pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 31.65pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 148.85pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 8.25pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; 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 colspan="3" style="width: 150pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Consolida</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ted</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 368.5pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 31.65pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: Arial; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 72.45pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2021</font></font></p>
</td>
<td style="width: 8.2pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; 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: 68.2pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
<td style="width: 8.25pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; 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: 70.8pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2021</font></font></p>
</td>
<td style="width: 8.15pt; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; 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: 71.05pt; border-bottom: 0.75pt solid #000000; vertical-align: top; height: 17px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 368.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
</td>
<td style="width: 31.65pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; 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;">12.a</font></p>
</td>
<td style="width: 72.45pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">143</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">122</font></font></p>
</td>
<td style="width: 8.2pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 68.2pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">163</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">385</font></font></p>
</td>
<td style="width: 8.25pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 70.8pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 8.15pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 71.05pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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>
</tr>
<tr style="height: 19px;">
<td style="width: 368.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Joint ventures</font></p>
</td>
<td style="width: 31.65pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; 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;">12.b</font></p>
</td>
<td style="width: 72.45pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931</font></p>
</td>
<td style="width: 8.2pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 68.2pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">536)</font></font></p>
</td>
<td style="width: 8.25pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 70.8pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">566)</font></font></p>
</td>
<td style="width: 8.15pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 71.05pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">009)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 368.5pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Associates</font></p>
</td>
<td style="width: 31.65pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; 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;">12.c</font></p>
</td>
<td style="width: 72.45pt; vertical-align: top; background-color: #cceeff; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 8.2pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 68.2pt; vertical-align: top; background-color: #cceeff; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 8.25pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 70.8pt; vertical-align: top; background-color: #cceeff; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">344</font></p>
</td>
<td style="width: 8.15pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 71.05pt; vertical-align: top; background-color: #cceeff; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">581</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 368.5pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: justify; 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: 31.65pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: justify; 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: 72.45pt; vertical-align: top; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">144</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">053</font></font></p>
</td>
<td style="width: 8.2pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 68.2pt; vertical-align: top; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">154</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">849</font></font></p>
</td>
<td style="width: 8.25pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 70.8pt; vertical-align: top; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">222)</font></font></p>
</td>
<td style="width: 8.15pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; 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: 71.05pt; vertical-align: top; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">428)</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; 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: 178px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 121.55pt; 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="10" style="width: 70.95pt; 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;">03/31/2021</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 121.55pt; 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="6" style="width: 70.95pt; border-top: 0.75pt solid #000000 !important; 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="width: 71.05pt; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 68.55pt; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
</td>
<td style="width: 3.65pt; border-top: 0.75pt solid #000000 !important; 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;">&nbsp;</font></p>
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<td style="width: 59.35pt; border-top: 0.75pt solid #000000 !important; 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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Joint </font><font style="font-family: 'Times New Roman'; font-weight: bold;">venture</font></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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
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<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;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
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<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 S.A. Ind&#250;stria e Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
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<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;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
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<td style="width: 71.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultrapar International S.A.</font></p>
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<td style="width: 1.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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>
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<td style="width: 32.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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>
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<td style="width: 71.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Centro de Conveni&#234;ncias Millennium Ltda.</font></p>
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<td style="width: 68.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ea&#237; Clube Automobilista S.A.</font></p>
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<td style="width: 3.65pt; 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="width: 59.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Refinaria de Petr&#243;leo Riograndense S.A.</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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;">11,839,764</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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;">35,102,127</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,995</font></p>
</td>
<td style="width: 1.15pt; padding-right: 3pt; 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: 32.95pt; padding-right: 3pt; 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;">150</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,194,789</font></p>
</td>
<td style="width: 68.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,000,000</font></p>
</td>
<td style="width: 3.65pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.35pt; padding-right: 3pt; 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;">5,078,888</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets</font></p>
</td>
<td style="width: 70.95pt; 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;">1,473,411</font></p>
</td>
<td style="width: 70.95pt; 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;">8,211,550</font></p>
</td>
<td style="width: 71.05pt; 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;">20,144,677</font></p>
</td>
<td style="width: 71.05pt; 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;">8,049,326</font></p>
</td>
<td style="width: 1.15pt; 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: 32.95pt; 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;">9,988</font></p>
</td>
<td style="width: 71.05pt; 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;">11,340</font></p>
</td>
<td style="width: 68.55pt; 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;">96,028</font></p>
</td>
<td style="width: 3.65pt; 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: 59.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">684,289</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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;">2,805</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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;">6,745,781</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,833,106</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,085,398</font></p>
</td>
<td style="width: 1.15pt; padding-right: 3pt; 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: 32.95pt; padding-right: 3pt; 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</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,097</font></p>
</td>
<td style="width: 68.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,879</font></p>
</td>
<td style="width: 3.65pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.35pt; padding-right: 3pt; 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;">683,426</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="width: 70.95pt; 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;">1,470,606</font></p>
</td>
<td style="width: 70.95pt; 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;">1,465,769&nbsp;<font style="font-size: 8pt;">(*)</font></font></p>
</td>
<td style="width: 71.05pt; 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;">7,311,575&nbsp;<font style="font-size: 8pt;">(*)</font></font></p>
</td>
<td style="width: 71.05pt; 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;">(36,072)</font></p>
</td>
<td style="width: 1.15pt; 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: 32.95pt; 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;">9,957</font></p>
</td>
<td style="width: 71.05pt; 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;">9,243</font></p>
</td>
<td style="width: 68.55pt; 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;">60,149</font></p>
</td>
<td style="width: 3.65pt; 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: 59.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">863</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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: 70.95pt; padding-right: 3pt; 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;">1,101,966</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,059,442</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.15pt; padding-right: 3pt; 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: 32.95pt; padding-right: 3pt; 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: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,928</font></p>
</td>
<td style="width: 68.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,165</font></p>
</td>
<td style="width: 3.65pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.35pt; padding-right: 3pt; 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;">478,395</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: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net income </font><font style="font-family: 'Times New Roman';">(loss)</font></font></p>
</td>
<td style="width: 70.95pt; 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;">50,194</font></p>
</td>
<td style="width: 70.95pt; 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;">(82,877)&nbsp;<font style="font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: 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></font></p>
</td>
<td style="width: 71.05pt; 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;">189,952&nbsp;<font style="font-size: 8pt;">(*)</font></font></p>
</td>
<td style="width: 71.05pt; 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;">(2,374)</font></p>
</td>
<td style="width: 1.15pt; 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: 32.95pt; 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;">(2,041)</font></p>
</td>
<td style="width: 71.05pt; 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;">(345)</font></p>
</td>
<td style="width: 68.55pt; 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;">(9,387)</font></p>
</td>
<td style="width: 3.65pt; 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: 59.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,803</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 70.95pt; padding-right: 3pt; 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="width: 70.95pt; padding-right: 3pt; 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="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 1.15pt; padding-right: 3pt; 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: 32.95pt; padding-right: 3pt; 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="width: 71.05pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 68.55pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 3.65pt; 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.35pt; padding-right: 3pt; 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: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; 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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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="height: 144px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; 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="9" style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 16px; border-bottom: 1pt solid #000000;">
<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: 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="7" 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: 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: 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-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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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 S.A. Ind&#250;stria e Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Centro de Conveni&#234;ncias Millennium Ltda.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ea&#237; Clube Automobilista S.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: 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: 10px; border-top: 0.75pt solid #000000 !important;">
<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 de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo Riograndense 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: 19%;">
<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: 10%;">
<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: 10%;">
<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: 10%;">
<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: 10%;">
<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: 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;">150</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: 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: 10%;">
<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: 3%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New 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: 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;">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;">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></p>
</td>
<td style="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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,324,953(*)</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: 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;">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;">% 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;">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>
<table cellspacing="0" cellpadding="0" style="height: 127px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; 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="7" 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: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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="5" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; border-top: 0.75pt solid #000000 !important;">
<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;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; border-top: 0.75pt solid #000000 !important;">
<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: middle; 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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 S.A. Ind&#250;stria e Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Refinaria de Petr&#243;leo Riograndense S.A.</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: 19%;">
<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: 13%;">
<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: 13%;">
<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: 13%;">
<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: 13%;">
<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: 13%;">
<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; background-color: #cceeff; width: 3%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 13%;">
<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: middle; height: 17px;">
<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;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">852,587</font></p>
</td>
<td style="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;">17,542,475</font></p>
</td>
<td style="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;">&#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: 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;"><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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">477,360</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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,264</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;">(24,640) (*)</font></p>
</td>
<td style="padding-right: 3pt; 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;">161,752 (*)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(19,342)</font></p>
</td>
<td style="padding-right: 3pt; 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;">(1,657)</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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,704)</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: 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;">
<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;">
<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;">
<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;">
<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;">
<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;"><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: 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>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 4%;"><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="width: 96%;"><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';">A</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';">djusted for intercompany unrealized profits</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>

</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: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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 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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
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</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>
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</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="-aw-different-first-page: true; -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;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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: 187px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 20.8724%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td colspan="15" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 64.6992%;">
<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: 7pt;">Subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.17253%;">
<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: 7pt;">Joint venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 7.83201%;">
<p style="margin-top: 0pt; margin-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: 7pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 20.8724%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.92963%;">
<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: 7pt;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 7.15096%;">
<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-size: 7pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 7.15096%;">
<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: 7pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 5.44835%;">
<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: 7pt;">UVC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 8.51305%;">
<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-size: 7pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Centro de Conveni&#234;ncias </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Millennium Ltda.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 8.39955%;">
<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: 7pt;">Ea&#237; Clube Automobilista S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 7.94552%;">
<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: 7pt;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 7.83201%;">
<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: 7pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important; width: 8.17253%;">
<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: 7pt;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">Total</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: 20.8724%;">
<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: 7pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.92963%;">
<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: 7pt;">1,420,356</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">1,707,136</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">7,324,953</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.44835%;">
<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: 7pt;">4,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.51305%;">
<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: 7pt;">9,588</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.39955%;">
<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: 7pt;">63,786</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.94552%;">
<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: 7pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.17253%;">
<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: 7pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">10,530,177</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 20.8724%;">
<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: 7pt;">Share of profit (loss) of subsidiaries and joint venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.92963%;">
<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: 7pt;">50,194</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">(82,877)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">189,952</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.44835%;">
<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: 7pt;">(2,041)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.51305%;">
<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: 7pt;">(345)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.39955%;">
<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: 7pt;">(9,387)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.94552%;">
<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: 7pt;">(2,374)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">143,122</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.17253%;">
<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: 7pt;">931</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">144,053</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: 20.8724%;">
<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: 7pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.92963%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">(125,114)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">(204,524)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.39955%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">(329,638)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.17253%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">(329,638)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 20.8724%;">
<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: 7pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.92963%;">
<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: 7pt;">200</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.15096%;">
<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: 7pt;">218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.15096%;">
<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: 7pt;">786</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.39955%;">
<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: 7pt;">750</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.83201%;">
<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: 7pt;">1,954</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.17253%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.83201%;">
<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: 7pt;">1,954</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: 20.8724%;">
<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: 7pt;">Valuation adjustment of subsidiaries (i)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.92963%;">
<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: 7pt;">(144)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">(121,442)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">329</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.39955%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">(121,257)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.17253%;">
<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: 7pt;">1,448</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">(119,809)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 20.8724%;">
<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: 7pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.92963%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">87,848</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.39955%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">87,848</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.17253%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">87,848</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: 20.8724%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 7pt;"><font style="font-family: 'Times New Roman';">Capital increase in </font><font style="font-family: 'Times New Roman';">cash</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.92963%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.44835%;">
<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: 7pt;">7,640</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.39955%;">
<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: 7pt;">5,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">12,640</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.17253%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.83201%;">
<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: 7pt;">12,640</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 20.8724%;">
<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: 7pt;">Transactions with shareholders - changes in participation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.92963%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.15096%;">
<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: 7pt;">79</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.39955%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">79</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.17253%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.83201%;">
<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: 7pt;">79</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff; width: 20.8724%;">
<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: 7pt;">Transfer to (from) provision for short-term liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.22549%;">
<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: 7pt;">&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: 1.92963%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 7.15096%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 5.44835%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 8.51305%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 8.39955%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 7.94552%;">
<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: 7pt;">2,374</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 7.83201%;">
<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: 7pt;">2,374</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 8.17253%;">
<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: 7pt;">(2,096)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.4756%;">
<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: 7pt;">&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: 7.83201%;">
<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: 7pt;">278</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; width: 20.8724%;">
<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: 7pt;">Balance as of March 31, 2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.22549%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 1.92963%;">
<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: 7pt;">1,470,606</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 7.15096%;">
<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: 7pt;">1,465,769</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 7.15096%;">
<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: 7pt;">7,311,575</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 5.44835%;">
<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: 7pt;">9,957</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 8.51305%;">
<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: 7pt;">9,243</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 8.39955%;">
<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: 7pt;">60,149</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 7.94552%;">
<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: 7pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 7.83201%;">
<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: 7pt;">10,327,299</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 8.17253%;">
<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: 7pt;">283</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.4756%;">
<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: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 7.83201%;">
<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: 7pt;">10,327,582</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>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 4%; 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: 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;">(i)&nbsp;&nbsp;</font></td>
<td style="width: 96%;"><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';">Refers, substantially 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: 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';">the income</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>on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flow hedges, see Note 33.h.2.</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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>
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; border-collapse: collapse; font-family: 'times new roman'; height: 177px; 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: 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;">
<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="11" 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;">Subsidiaries</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: 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;">
<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;">
<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="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-weight: bold; font-size: 8pt;">&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; 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: 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultracargo Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 10px; border-top: 0.75pt solid #000000 !important;">
<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 S.A. Ind&#250;stria e Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 10px; border-top: 0.75pt solid #000000 !important;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 10px; border-top: 0.75pt solid #000000 !important;">
<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: 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Refinaria de Petr&#243;leo Riograndense S.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: 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: 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="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 28%;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">1,261,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">1,803,209</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">7,020,747</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">(27,497)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">10,058,456</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">18,792</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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; 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;">10,077,248</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture</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;">47,264</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;">(24,640)</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;">161,758</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;">(19,340)</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;">(1,657)</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;">163,385</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;">(8,536)</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;">154,849</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="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;">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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">(86,907)</font></p>
</td>
<td style="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;">(129,249)</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">(216,156)</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">(216,156)</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: 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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">125</font></p>
</td>
<td style="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;">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;">1,809</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">2,135</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">2,135</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="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;">Valuation adjustment of subsidiaries</font></p>
</td>
<td style="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;">60</font></p>
</td>
<td style="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;">(420,414)</font></p>
</td>
<td style="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;">321</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">&#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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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;">(420,033)</font></p>
</td>
<td style="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;">2,501</font></p>
</td>
<td style="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;">(417,532)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Translation adjustments of foreign-based subsidiaries</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;">&#8208;</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;">121,874</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;">&#8208;</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;">&#8208;</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;">&#8208;</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;">121,874</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;">&#8208;</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;">121,874</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="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;">Capital increase in cash</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; 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;">
<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: 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;">
<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: 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;">
<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: 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;">
<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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,010</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; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,010</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; 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;">
<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: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,010</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', serif; color: #000000;"> 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: 10px;">
<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: 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;">(35)</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: 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;">
<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: 10px;">
<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: 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;">(481)</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: 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;">
<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: 10px;">
<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: 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;">&#8208;</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: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(516)</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: 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;">
<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: 10px;">
<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: 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;">(516)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of March 31, 2020</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,309,411</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,393,323</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,054,905</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,837)</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,353</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,712,155</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,757</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: 8pt;"><font style="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,724,912</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'>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 style="width: 8.5in; margin: 0 auto;">
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<div style="-aw-different-first-page: true; -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>
</div>
</div>
<div>
<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; 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: 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="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="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="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: 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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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;">Investiments in subsidiaries</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-top: 0.75pt solid #000000 !important;">
<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="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="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>
</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="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: 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; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultrapar International S.A.</font></p>
</td>
<td style="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="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;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="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="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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64%;">
<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="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<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; background-color: #cceeff; width: 10%;">
<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="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: 10%;">
<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: 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: 10%;">
<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>
<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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to (from) provision for short-term liabilities</font></p>
</td>
<td style="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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #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;">2,374</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: 8pt;"><font style="font-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-bottom: 1pt solid #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="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; border-bottom: 1pt solid #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;">278</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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of March 31, 2021</font></p>
</td>
<td style="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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,072</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: 8pt;"><font style="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: 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: 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="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: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,072</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;">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 de Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Riograndense (&#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;Ultracargo 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 in Uni</font><font style="font-family: 'Times New Roman';">&#227;</font><font style="font-family: 'Times New Roman';">o Vopak</font><font style="font-family: 'Times New Roman';"> &#8211; Armaz&#233;ns Gerais Ltda. </font><font style="font-family: 'Times New Roman';">(&#8220;Uni&#227;o</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Vopak&#8221;)</font><font style="font-family: 'Times New Roman';">, which is primarily engaged in liquid bulk storage in the port of Paranagu&#225;.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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 ConectCar, 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, Cear&#225;, Esp&#237;rito Santo, Goi&#225;s, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Paran&#225;, Pernambuco, Rio de Janeiro, Rio Grande do Sul, Santa Catarina, S&#227;o Paulo and Distrito Federal</font><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 Bel&#233;m (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 Log</font><font style="font-family: 'Times New Roman';">&#237;</font><font style="font-family: 'Times New Roman';">stica Portu&#225;ria 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 Log&#237;stica Portu&#225;ria S.A. (&#8220;Navegantes&#8221;)</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> in 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 Log&#237;stica I S.A. ("Nordeste Log&#237;stica I"), Nordeste Log&#237;stica II S.A. ("Nordeste Log&#237;stica II") and Nordeste Log&#237;stica III S.A. ("Nordeste Log&#237;stica III&#8221;)</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</font><font style="font-family: 'Times New Roman';"> of joint ventures Latitude, Navegantes Log&#237;stica I, Log&#237;stica II and Log&#237;stica III</font><font style="font-family: 'Times New Roman';"> 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';">February 28, 2021, while the other companies </font><font style="font-family: 'Times New Roman';">are accounted for under the equity method of accounting based on their </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">.<br><br></font></font></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>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 style="width: 8.5in; margin: 0 auto;">
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">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: 294px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 166.9pt; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 40.4pt; 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: 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;"> Vopak</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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ConectCar</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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 55.75pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Latitude Log&#237;stica</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: 65.9pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Navegantes Log&#237;stica</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: 59.95pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica I</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: 62.05pt; 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; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica II</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: 64.1pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica III</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: 30.75pt; 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: 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: 166.9pt; 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;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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="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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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="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: 55.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</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: 65.9pt; 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;">21,624</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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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="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: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,676</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: 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;">9,711</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: 30.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,000</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: 55.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 65.9pt; 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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 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;">-</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: 30.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,000</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 166.9pt; 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;">Valuation adjustments</font></p>
</td>
<td style="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p 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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,448</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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p 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: 55.75pt; 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; 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: 65.9pt; 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;">-</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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p 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: 62.05pt; 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; 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: 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;">-</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: 30.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,448</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">476</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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931</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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,030)</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: 55.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,273)</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: 65.9pt; 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;">(544)</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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42)</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: 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;">(47)</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: 30.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,566)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 166.9pt; 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;">Transfer from provision for short-term liabilities</font></p>
</td>
<td style="width: 40.4pt; 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: 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: 26.25pt; 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;">(2,096)</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: 42pt; 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: 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: 55.75pt; 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: 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: 65.9pt; 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: 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: 59.95pt; 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: 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: 62.05pt; 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: 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: 64.1pt; 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: 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: 30.75pt; 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;">(2,096)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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: 40.4pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.75pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.9pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.95pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 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; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 30.75pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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: 18px; background-color: #cceeff;">
<td style="width: 166.9pt; 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;">Balance as of March 31, 2021</font></p>
</td>
<td style="width: 40.4pt; 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;">8,210</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: 26.25pt; 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;">283</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: 42pt; 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;">89,150</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: 55.75pt; 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;">4,078</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: 65.9pt; 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;">21,080</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: 59.95pt; 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;">787</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: 62.05pt; 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;">7,634</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: 64.1pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,664</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: 30.75pt; 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;">140,886</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.9pt; 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;">&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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 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>
<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: 30.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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: 166.9pt; 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: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 55.75pt; 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; 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: 65.9pt; 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;">&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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 62.05pt; 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; 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: 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;">&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: 30.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 166.9pt; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 40.4pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Uni&#227;o Vopak</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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ConectCar</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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 55.75pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Latitude Log&#237;stica</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: 65.9pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Navegantes Log&#237;stica</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: 59.95pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica I</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: 62.05pt; 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; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica II</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: 64.1pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Nordeste Log&#237;stica III</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: 30.75pt; 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: 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: 166.9pt; 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: 40.4pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.75pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.9pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.95pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 30.75pt; 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: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 55.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 65.9pt; 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;">23,581</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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="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: 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;">4,079</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: 30.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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="width: 166.9pt; 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;">Valuation adjustments</font></p>
</td>
<td style="width: 40.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,501</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: 42pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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: 55.75pt; 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; 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: 65.9pt; 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;">&#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: 59.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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: 62.05pt; 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; 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: 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;">&#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: 30.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,501</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 166.9pt; 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;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="width: 40.4pt; 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;">65</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-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; 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;">(8,536)</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: 42pt; 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;">(4,538)</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: 55.75pt; 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; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.9pt; 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;">&#8208;</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: 59.95pt; 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;">&#8208;</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: 62.05pt; 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; 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;">
<p style="margin-top: 0pt; margin-bottom: 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; 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;">&#8208;</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: 30.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,009)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 166.9pt; 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: 40.4pt; 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: 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-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 26.25pt; 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: 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: 42pt; 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: 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: 55.75pt; 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: 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: 65.9pt; 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: 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: 59.95pt; 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: 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: 62.05pt; 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: 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: 64.1pt; 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: 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: 30.75pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 166.9pt; 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;">Balance as of March 31, 2020</font></p>
</td>
<td style="width: 40.4pt; 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'; font-size: 10pt;">7,407</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: 26.25pt; 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'; font-size: 10pt;">12,757</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: 42pt; 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'; font-size: 10pt;">78,280</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: 55.75pt; 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'; font-size: 10pt;">10,351</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: 65.9pt; 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'; font-size: 10pt;">23,581</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: 59.95pt; 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'; font-size: 10pt;">1,930</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: 62.05pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">4,</font><font style="font-family: 'Times New Roman';">183</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: 64.1pt; 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'; font-size: 10pt;">4,079</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: 30.75pt; 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'; font-size: 10pt;">142,568</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: 78px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 50%;" width="50%">

<tr style="height: 10px;">
<td style="width: 74.3255%; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 25.5928%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; text-align: center;"><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: 16px;">
<td style="width: 74.3255%; 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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 25.5928%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; border-top: 0.75pt solid #000000 !important;">
<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: 17px; background-color: #cceeff;">
<td style="width: 74.3255%; 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;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 25.5928%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; 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;">2,096</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 74.3255%; 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;">Transfer from provision for short-term liabilities</font></p>
</td>
<td style="width: 25.5928%; 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;">(2,096)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 74.3255%; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of March 31, </font><font style="font-family: 'Times New Roman';">2021</font></font></p>
</td>
<td style="width: 25.5928%; 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;">-</font></p>
</td>
</tr>

</table>
</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"><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 style="-aw-different-first-page: true; -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;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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>
<p style="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: 230px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 164.1pt; 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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="15" style="width: 50.1pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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;">Uni&#227;o Vopak</font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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;">RPR</font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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;">ConectCar</font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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;">Latitude Log&#237;stica</font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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;">Navegantes Log&#237;stica</font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; border-top: 0.75pt solid #000000 !important; 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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Nordeste </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;stica I</font></font></p>
</td>
<td style="width: 1.7pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; border-top: 0.75pt solid #000000 !important; 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;">Nordeste Log&#237;stica II</font></p>
</td>
<td style="width: 2.75pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; border-top: 0.75pt solid #000000 !important; 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;">Nordeste Log&#237;stica III</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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="width: 50.1pt; 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;">9,864</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">515,791</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">151,080</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">8,268</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">24,400</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">869</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,433</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,393</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Non-current assets</font></p>
</td>
<td style="width: 50.1pt; 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;">9,832</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">168,482</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">172,753</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">40,006</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">166,395</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">6,031</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,010</font></p>
</td>
<td style="width: 2.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 164.1pt; 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;">Current liabilities</font></p>
</td>
<td style="width: 50.1pt; 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;">3,132</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">576,525</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">144,830</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">112</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">165</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Non-current liabilities</font></p>
</td>
<td style="width: 50.1pt; 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;">144</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">106,901</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">703</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">40,007</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">127,383</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">4,516</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,516</font></p>
</td>
<td style="width: 2.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 164.1pt; 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;">Equity</font></p>
</td>
<td style="width: 50.1pt; 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;">16,420</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">847</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">178,300</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">8,155</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">63,247</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">2,362</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,902</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,993</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Net revenue from sales and services</font></p>
</td>
<td style="width: 50.1pt; 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;">5,078</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">478,395</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">20,283</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 2.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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: 164.1pt; 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;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 50.1pt; 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;">(3,656)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(472,660)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(34,058)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(12,546)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(265)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(110)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126)</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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>
</tr>
<tr style="height: 34px;">
<td style="width: 164.1pt; 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 finance income and income and social contribution taxes</font></p>
</td>
<td style="width: 50.1pt; 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;">(470)</font></p>
</td>
<td style="width: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(2,932)</font></p>
</td>
<td style="width: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(285)</font></p>
</td>
<td style="width: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(1,360)</font></p>
</td>
<td style="width: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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: 2.75pt; 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: 58pt; 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: 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="width: 50.1pt; 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;">952</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">2,803</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(14,060)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(12,546)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(1,625)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">(110)</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126)</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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>
</tr>
<tr style="height: 17px;">
<td style="width: 164.1pt; 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;">Number of shares or units held</font></p>
</td>
<td style="width: 50.1pt; 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;">29,995</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">5,078,888</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">264,768,000</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">4,383,881</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">22,298,195</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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;">681,637</font></p>
</td>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 2.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 50.1pt; 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>
<td style="width: 1.7pt; 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;">&nbsp;</font></p>
</td>
<td style="width: 56.3pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 2.75pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 58pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<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>
</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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 162px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 22.3039%; 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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="13" style="width: 77.5735%; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 22.3039%; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.70098%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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;">Uni&#227;o Vopak</font></p>
</td>
<td style="width: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 9.80392%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 10.5392%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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>
<td style="width: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 10.1716%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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;">Navegantes Log&#237;stica</font></p>
</td>
<td style="width: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 9.19118%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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;">Nordeste Log&#237;stica I</font></p>
</td>
<td style="width: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 9.80392%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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;">Nordeste Log&#237;stica II</font></p>
</td>
<td style="width: 1.59314%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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: 9.80392%; padding: 0px 4px; height: 10px; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;" valign="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;">Nordeste Log&#237;stica III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 22.3039%; 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;">Current assets</font></p>
</td>
<td style="width: 8.70098%; padding-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;">8,510</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">291,720</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.5392%; padding-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;">161,371</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.1716%; padding-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;">24,691</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.19118%; padding-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;">972</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">18,531</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">21,513</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 22.3039%; 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: 8.70098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.19118%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 22.3039%; 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;">Current liabilities</font></p>
</td>
<td style="width: 8.70098%; padding-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;">2,698</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">363,388</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.5392%; padding-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;">168,854</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.1716%; padding-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;">8</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.19118%; padding-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;">4</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">6</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 22.3039%; 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: 8.70098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 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: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.19118%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 22.3039%; 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;">Equity</font></p>
</td>
<td style="width: 8.70098%; padding-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;">15,468</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">(6,310)</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.5392%; padding-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;">162,360</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.1716%; padding-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;">64,871</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.19118%; padding-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;">2,473</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">23,027</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">29,133</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 22.3039%; 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: 8.70098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.19118%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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: 22.3039%; 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;">Number of shares or units held</font></p>
</td>
<td style="width: 8.70098%; padding-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;">29,995</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">5,078,888</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.5392%; padding-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;">248,768,000</font></p>
</td>
<td style="width: 1.59314%; padding-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: 10.1716%; padding-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;">22,298,195</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.19118%; padding-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;">681,637</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">3,933,265</font></p>
</td>
<td style="width: 1.59314%; padding-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: 9.80392%; padding-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;">4,871,241</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 22.3039%; 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: 8.70098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 10.1716%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.19118%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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: 1.59314%; 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: 9.80392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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>
<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: 234pt; 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 colspan="5" style="width: 228pt; 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;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 234pt; 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: 66pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Uni&#227;o Vopak</font></p>
</td>
<td style="width: 3pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</font></p>
</td>
<td style="width: 3pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; 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: 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: 234pt; 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 revenue from sales and services</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,624</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">477,360</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,652</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 234pt; 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;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,419)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(500,926)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,961)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 234pt; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Net finance income and </font><font style="font-family: 'Times New Roman';">income and social contribution taxes</font></font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(75)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,138)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<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; -aw-height-rule: exactly;">
<td style="width: 234pt; 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 income (loss)</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,704)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,075)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 234pt; 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;">Number of shares or units held</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<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: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<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: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<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;">
<td style="width: 234pt; 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;">% of capital held</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<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: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<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: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<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-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded</font></p>
</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>
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<div style="-aw-sdt-tag: '';">
<div>
<table style="width: 100%; font-family: 'times new 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 style="width: 8.5in; margin: 0 auto;">
<div>
<div style="-aw-different-first-page: true; -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;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
</div>
<p><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'; 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 Transportadora</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sulbrasileira de G&#225;s 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 S.A</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">holds an interest in Oxicap</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ind&#250;stria de Gases Ltda. (&#8220;Oxicap&#8221;), which is primarily engaged in the supply of nitrogen and oxygen for its shareholders in the Mau&#225; petrochemical complex.</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 Oxiteno S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">holds an interest in Qu&#237;mica </font><font style="font-family: 'Times New Roman';">da Bahia Ind&#250;stria e Com&#233;rcio 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 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 Metal&#250;rgica Plus S.A., which is primarily engaged in the manufacture and trading of LPG containers. The operations of this associate are currently suspended.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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 Plenog&#225;s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Distribuidora de 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';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</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>
</div>
</div>
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<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>56</font></font></td>
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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><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;">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: 96px; 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: 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: 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;">Transportadora Sulbrasileira de G&#225;s S.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: 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: 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;">Oxicap Ind&#250;stria de Gases Ltda.</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'; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.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: 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: 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;">Metal&#250;rgica Plus S.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: 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: 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;">Plenog&#225;s Distribuidora de G&#225;s S.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: 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: 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32%;">
<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; height: 17px; background-color: #cceeff; width: 10%;">
<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';">5,15</font><font style="font-family: 'Times New Roman';">0</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; font-size: 9pt;"><font style="font-family: 'Times New 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: 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; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New 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: 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; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New 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: 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; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New 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: 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; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,588</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;">(93)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p 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;">(93)</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'; 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><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; 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: 17px; background-color: #cceeff;">
<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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 17px; background-color: #cceeff;">
<p 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 17px; background-color: #cceeff;">
<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)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 17px; background-color: #cceeff;">
<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</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">344</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'; font-size: 10pt;">Balance as of March 31, 2021</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'; font-size: 10pt;">5,496</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'; 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'; font-size: 10pt;">16,263</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'; 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'; font-size: 10pt;">3,542</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'; 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'; font-size: 10pt;">21</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'; 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'; font-size: 10pt;">517</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'; 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'; font-size: 10pt;">25,839</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; 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: 0pt; text-align: justify; line-height: 115%; 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: 74px; 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: 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: 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;">Transportadora Sulbrasileira de G&#225;s S.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: 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: 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;">Oxicap Ind&#250;stria de Gases Ltda.</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'; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.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: 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: 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;">Metal&#250;rgica Plus S.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: 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: 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;">Plenog&#225;s Distribuidora de G&#225;s S.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: 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: 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: 16px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 32%;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<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';">5,66</font><font style="font-family: 'Times New Roman';">1</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; background-color: #cceeff; 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;">15,934</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; background-color: #cceeff; 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;">3,554</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; background-color: #cceeff; 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;">138</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; background-color: #cceeff; 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;">463</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; background-color: #cceeff; 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;">25,750</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: 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376</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: 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: 16px;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-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: 16px;">
<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: 16px;">
<p style="margin-top: 0pt; margin-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: 16px;">
<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)</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: 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: 16px;">
<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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">581</font></p>
</td>
</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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 March 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; 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;">6,037</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">16,1</font><font style="font-family: 'Times New Roman';">34</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; 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;">3,554</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; 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;">115</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; 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;">491</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="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; 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;">26,331</font></p>
</td>
</tr>

</table>
</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'>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 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 style="font-family: 'Times New Roman';"><br></font></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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 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: 223px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 138.6pt; 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'; font-size: 8pt;">&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: 16px;">
<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;">03/31/2021</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; 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 !important; 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;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000 !important; 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;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000 !important; 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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Qu&#237;mica da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria e Com&#233;rcio S.A.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 47.9pt; border-top: 0.75pt solid #000000 !important; 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;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 62.1pt; border-top: 0.75pt solid #000000 !important; 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;">Plenog&#225;s Distribuidora de G&#225;s S.A.</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;">12,661</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;">64,612</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;">46</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;">369</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;">12,521</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;">77,084</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;">340</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;">2,195</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;">2,602</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;">26,423</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;">32</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;">247</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Non-current </font><font style="font-family: 'Times New Roman';">liabilities</font></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;">594</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;">7,472</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;">765</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;">21,986</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;">107,801</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;">64</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;">1,552</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;">3,229</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;">16,297</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;">(1,368)</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;">(17,003)</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)</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;">(62)</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;">57</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Net finance income and income and </font><font style="font-family: 'Times New Roman';">social contribution taxes</font></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;">(104)</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;">143</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;">-</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;">(15)</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;">(9)</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;">1,757</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;">(563)</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)</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;">(77)</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;">48</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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 138px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 138.6pt; 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'; font-size: 8pt;">&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: 16px;">
<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: 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000 !important; 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;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000 !important; 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;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000 !important; 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;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 47.9pt; border-top: 0.75pt solid #000000 !important; 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;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 62.1pt; border-top: 0.75pt solid #000000 !important; 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;">Plenog&#225;s Distribuidora de G&#225;s S.A.</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;">&#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: 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;">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: 10px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">% of capital held</font></p>
</td>
<td style="width: 62.1pt; 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;">25</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: 47.9pt; 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;">15</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: 62.1pt; 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;">50</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: 47.9pt; 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;">33</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: 62.1pt; 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;">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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 138px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 138.55pt; 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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="width: 62.05pt; 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: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 138.55pt; 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: 8pt;">&nbsp;</font></p>
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<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;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
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<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
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<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;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; border-top: 0.75pt solid #000000 !important; 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;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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; border-top: 0.75pt solid #000000 !important; 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;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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: 62.05pt; border-top: 0.75pt solid #000000 !important; 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;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.55pt; 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';">Net </font><font style="font-family: 'Times New Roman';">revenue from sales and services</font></font></p>
</td>
<td style="width: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,987</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;">15,795</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: 62.05pt; 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; 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: 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: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.55pt; 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;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,382)</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;">(13,619)</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 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;">(57)</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 138.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Net finance income and income and social contribution taxes</font></p>
</td>
<td style="width: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(114)</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;">(852)</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: 62.05pt; 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; 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; 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;">(15)</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: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.55pt; 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;">Net income (loss)</font></p>
</td>
<td style="width: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,491</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;">1,324</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 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;">(72)</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.55pt; 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;">Number of shares or units held</font></p>
</td>
<td style="width: 62.05pt; 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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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;">1,987</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: 62.05pt; 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; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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;">3,000</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: 62.05pt; 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; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.55pt; 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;">% of capital held</font></p>
</td>
<td style="width: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 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;">15</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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;">
<p style="margin-top: 0pt; margin-bottom: 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;">33</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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<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.&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>
<div>
<table style="width: 100%; font-family: 'times new 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>
&nbsp;</div>
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
<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. R</font><font style="font-family: 'Times New Roman';">ight</font><font style="font-family: 'Times New Roman';">-of-</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: (i) Ipiranga: fuel stations</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; (ii) Extrafarma: pharmacies</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; (iii) Ultragaz: points of sale and bottling base</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; (iv) Ultracargo: port areas; and (v) Oxiteno: 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</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;">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>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 10%;">&#8226;<br></td>
<td style="width: 90%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; 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;">Parent</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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 157px; width: 99.7551%;" 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;">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; 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>
<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; text-align: center; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Additions and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">remeasurement</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: 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; 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: 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;">&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; 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: 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;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 03/31/2021</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: 22%;">
<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; width: 12%;">
<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; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 10pt;"><font style="font-family: 'Times New 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: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 10pt;"><font style="font-family: 'Times New 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: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 10pt;"><font style="font-family: 'Times New 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: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 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-size: 10pt;"><font style="font-family: 'Times New Roman';">Real </font><font style="font-family: 'Times New Roman';">estate</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: 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;">
<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>
<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;">1,264</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;">43,187</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: 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;">3</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;">2,591</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;">64</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;">(69)</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;">2,586</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;">&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: 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; 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;">44,514</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; 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;">1,328</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; 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;">(69)</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; 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;">-</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; 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;">45,773</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;">Accumulated 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: 10pt;"><font style="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>
<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>
<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;">Real estate</font></p>
</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;">(8,963)</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;">(1,282)</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;">(10,245)</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="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;">(489)</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;">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; 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;">(221)</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;">(695)</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-bottom: 0.75pt solid #000000; 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;">(9,452)</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; 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;">-</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; 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;">15</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; 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;">(1,503)</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; 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;">(10,940)</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; 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;">35,062</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-family: 'Times New Roman'; font-size: 10pt;">1,328</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-family: 'Times New Roman'; font-size: 10pt;">(54)</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-family: 'Times New Roman'; font-size: 10pt;">(1,503)</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-family: 'Times New Roman'; font-size: 10pt;">34,833</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>
</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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 10%;">&#8226;<br></td>
<td style="width: 90%;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; 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;">Consolidated</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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; 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; 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; 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;">Weighted average useful life (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: 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;">Balance on 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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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; 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: 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;">&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: 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;">Write-offs</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Effect of foreign currency </font><font style="font-family: 'Times New Roman'; font-weight: bold;">exchange rate variation</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; font-size: 10pt;"><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; 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;">Amortization</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: 10pt;"><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; 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;">Balance on 03/31/2021</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: 64.85pt; 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-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 67.7pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 70.55pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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; 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="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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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; 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; 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; 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; 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; 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 (i)</font></p>
</td>
<td style="width: 64.85pt; 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;">10</font></p>
</td>
<td style="width: 64.85pt; 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;">2,254,432</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: 67.7pt; 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;">62,044</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: 64.85pt; 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;">(29,777)</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: 70.55pt; 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;">1,823</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: 64.85pt; 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: 64.85pt; 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;">2,288,522</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area (ii)</font></p>
</td>
<td style="width: 64.85pt; 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="width: 64.85pt; 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>
<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: 10pt;"><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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,548</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,559)</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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="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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 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;">276,523</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;">Vehicles</font></p>
</td>
<td style="width: 64.85pt; 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="width: 64.85pt; 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>
<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: 67.7pt; 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;">3,048</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: 64.85pt; 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;">(5,825)</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: 70.55pt; 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;">147</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: 64.85pt; 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: 64.85pt; 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;">137,213</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="width: 64.85pt; 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="width: 64.85pt; 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>
<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: 10pt;"><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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 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;">(545)</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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;">2,850</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 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;">47,241</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;">Others</font></p>
</td>
<td style="width: 64.85pt; 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="width: 64.85pt; 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="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: 67.7pt; 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: 64.85pt; 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: 70.55pt; 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: 64.85pt; 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: 64.85pt; 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="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; 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: 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: 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-family: 'Times New Roman'; font-size: 10pt;">2,735,591</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: 10pt;"><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; 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;">74,640</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: 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; 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;">(37,706)</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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-family: 'Times New Roman'; font-size: 10pt;">4,820</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: 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; 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;">-</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: 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; 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;">2,777,345</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: 64.85pt; 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-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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: 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: 67.7pt; 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: 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: 64.85pt; 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: 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: 70.55pt; 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: 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: 64.85pt; 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: 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: 64.85pt; 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; 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="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: 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: 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>
<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: 10pt;"><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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 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;">16,842</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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;">(607)</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,847)</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(535,587)</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;">Port area (i)</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: 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: 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="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: 67.7pt; 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: 64.85pt; 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: 70.55pt; 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: 64.85pt; 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;">(1,697)</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: 64.85pt; 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;">(5,659)</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; 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: 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="width: 64.85pt; 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>
<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: 10pt;"><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: 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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 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: 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;">5,051</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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;">(58)</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,554)</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: 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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,652)</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;">Equipment</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: 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: 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>
<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: 67.7pt; 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: 64.85pt; 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;">545</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: 70.55pt; 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;">(1,230)</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: 64.85pt; 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;">(2,936)</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: 64.85pt; 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;">(23,240)</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; font-size: 10pt;"><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; 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="width: 64.85pt; 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>
<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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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="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: 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: 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="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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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="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: 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: 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="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: 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: 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;">(17,953)</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: 64.85pt; 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-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: 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;">(585,305)</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: 67.7pt; border-bottom: 0.75pt solid #000000; 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;">-</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: 64.85pt; border-bottom: 0.75pt solid #000000; 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;">22,438</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: 70.55pt; border-bottom: 0.75pt solid #000000; 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;">(1,895)</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: 64.85pt; border-bottom: 0.75pt solid #000000; 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;">(87,329)</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: 64.85pt; border-bottom: 0.75pt solid #000000; 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;">(652,091)</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; 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: 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="width: 64.85pt; 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-family: 'Times New Roman'; font-size: 10pt;">2,150,286</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: 10pt;"><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: 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;">74,640</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: 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; 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;">(15,268)</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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 70.55pt; 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-family: 'Times New Roman'; font-size: 10pt;">2,925</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: 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; 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;">(87,329)</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: 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; 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;">2,125,254</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; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 4%;"><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;">(i)</font></td>
<td style="width: 96%;"><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';">Includes lease<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';">contracts</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>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: 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';">presented<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';">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: 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';">N</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';">ote 8.a.</font></td>
</tr>
<tr>
<td><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';">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>
<td><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';">Refers to the area port lease, which R$<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';">29</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';">237</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>was paid by the Tequimar Vila do Conde, Company&#8217;s subsidiary</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>

</table>
<p style="margin-top: 2pt; 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'>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 style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information&nbsp;</font></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. Lease</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">p</font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ayable</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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: 170px; 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; 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, 2020</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; 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;">37,934</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; page-break-inside: avoid; 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; background-color: #cceeff; 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;">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;"><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;">Interest accrued</font></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;">825</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;">37,264</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;"><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;">Payments</font></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;">(2,062)</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; page-break-inside: avoid; 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; 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;">(122,163)</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;"><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;">Additions and remeasurement</font></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;">1,328</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;">58,576</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;"><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;">Write-offs</font></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;">(56)</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; page-break-inside: avoid; 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; 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;">(16,465)</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;">Effect of foreign currency exchange rate variation</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>
<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;">3,330</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance as of </font><font style="font-family: 'Times New Roman';">March 31, 2021</font></font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; 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;">37,969</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; page-break-inside: avoid; 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; background-color: #cceeff; 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;">1,793,830</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;">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;">4,922</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;">263,146</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;">Non-current</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;">33,047</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; page-break-inside: avoid; 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; 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;">1,530,684</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 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;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin-top: 0pt; margin-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="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #daeef3;">
<p style="margin-top: 0pt; margin-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;">03/31/2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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;">Parent</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: 65.15pt; 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;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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;">Up to 1 year</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,963</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.15pt; 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;">396,497</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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="width: 64.85pt; 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;">7,933</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: 65.15pt; 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;">352,425</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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="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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,160</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: 65.15pt; 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;">318,859</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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 4 years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,995</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.15pt; 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;">285,246</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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 4 to 5 years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,995</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 65.15pt; 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;">227,369</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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;">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,691</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: 65.15pt; 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;">1,085,244</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,737</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: 65.15pt; 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;">2,665,640</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 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 Get&#250;lio 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;">b.1. D</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;">sco</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;">nt rates</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>
<p style="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 weighted average discount rates for the </font><font style="font-family: 'Times New Roman';">lease contracts </font><font style="font-family: 'Times New Roman';">of the Company </font><font style="font-family: 'Times New Roman';">are</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>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 99.8365%;" width="100%">

<tr style="height: 12.75pt;">
<td colspan="9" 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Contracts for maturity date and discount rate</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td colspan="2" 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: 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;">Maturity date of the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">contracts</font></font></p>
</td>
<td colspan="7" 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: 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;">D</font><font style="font-family: 'Times New Roman'; font-weight: bold;">iscount rates (% p.a.)</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 80%;">
<p style="margin-top: 0pt; 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 5 years</font></p>
</td>
<td colspan="7" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 20%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7.</font><font style="font-family: 'Times New Roman';">17</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td colspan="2" 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 6 to 10 years</font></p>
</td>
<td colspan="7" 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-size: 10pt;"><font style="font-family: 'Times New Roman';">8.8</font><font style="font-family: 'Times New Roman';">0</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td colspan="2" 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 11 to 15 years</font></p>
</td>
<td colspan="7" 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-size: 10pt;"><font style="font-family: 'Times New Roman';">8.</font><font style="font-family: 'Times New Roman';">18</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td colspan="2" 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;">More than 15 years</font></p>
</td>
<td colspan="7" 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-size: 10pt;"><font style="font-family: 'Times New Roman';">9.</font><font style="font-family: 'Times New Roman';">10</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>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt 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-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><br><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><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiaries Cia. Ultragaz, Bahiana, </font><font style="font-family: 'Times New Roman';">Extrafarma, Ipiranga</font><font style="font-family: 'Times New Roman';">, Serma and Oxiteno S.A. 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 equipment</font><font style="font-family: 'Times New Roman';">&#8217;</font><font style="font-family: 'Times New Roman';">s, vehicles and real states</font><font style="font-family: 'Times New Roman';">. The subsidiaries h</font><font style="font-family: 'Times New Roman';">ave 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 am</font><font style="font-family: 'Times New Roman';">ount 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: 27px; 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; 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: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Up to 1 year</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: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Between 1 and 5 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: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">More than 5 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: center;"><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: 40%;">
<p style="margin-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;">03/31/2021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,127</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</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; 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: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,160</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';">for the three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">117</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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">305</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">0</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;">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;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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;">Right to use asset, net</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; 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: 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;">
<p style="margin-top: 0pt; margin-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; background-color: #cceeff;">
<td style="width: 268.95pt; 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;">Nominal base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,833</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'; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,125,254</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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;">Inflated base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,937</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; 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; 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;">2,491,237</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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'; 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; 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;">17.5%</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: 64.85pt; 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-family: 'Times New Roman'; font-size: 10pt;">17.2%</font></p>
</td>
</tr>

</table>
<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: 268.95pt; 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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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: 10pt;">Lease liability</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; 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: 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;">
<p style="margin-top: 0pt; margin-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; background-color: #cceeff;">
<td style="width: 268.95pt; 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;">Nominal base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,969</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'; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,793,830</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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;">Inflated base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,072</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'; color: #323130; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,159,812</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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'; color: #323130; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.1%</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.4%</font></p>
</td>
</tr>

</table>
<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: 268.95pt; 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>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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: 10pt;">Financial expense</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; 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: 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;">
<p style="margin-top: 0pt; margin-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; background-color: #cceeff;">
<td style="width: 268.95pt; 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;">Nominal base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">825</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'; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,264</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 268.95pt; 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;">Inflated base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956</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'; color: #323130; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,239</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15.9%</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.4%</font></p>
</td>
</tr>

</table>
<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: 268.95pt; 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>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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: 10pt;">Amortization expense</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; 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: 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;">
<p style="margin-top: 0pt; margin-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; background-color: #cceeff;">
<td style="width: 268.95pt; 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;">Nominal base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,503</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'; 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,329</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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;">Inflated base</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,694</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; 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; 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;">95,435</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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'; color: #323130; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.7%</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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.3%</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>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 style="width: 8.5in; margin: 0 auto;">
<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: 13.3333px; text-align: justify; line-height: 1;"><br></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
</div>
<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';">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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 36.85pt; -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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
<td style="width: 2.1pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 2.1pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="width: 2.1pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 03/31/2021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">144</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">144</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">8</font></p>
</td>
<td style="width: 50.7pt; 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';">2,194</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">9,700</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">11,894</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">10</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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">42</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">124</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Furniture and utensils</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">8</font></p>
</td>
<td style="width: 50.7pt; 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';">502</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">1,810</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">2,312</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">IT 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,293</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,306</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 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';">16,071</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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: 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';">11,709</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000; border-bottom: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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: 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';">27,780</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Accumulated depreciation:</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Buildings</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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';">(1)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">(1)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(178)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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';">(264)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(442)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">(6)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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';">(3)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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';">(9)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Furniture and </font><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(37)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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';">(55)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(92)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,522)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(669)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2,191)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 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';">(1,743)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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: 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></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(992)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&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: 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';">(2,735)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; 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-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net amount</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">14,328</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">11,709</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(992)</font></p>
</td>
<td style="width: 2.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">25,045</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolidated</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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;">
<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'; -aw-import: ignore;">&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;">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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 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-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-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Transfer</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 03/31/2021</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';">Cost:</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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">L</font><font style="font-family: 'Times New Roman';">and</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></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';">687,108</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'; -aw-import: ignore;">&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';">380</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(194)</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'; -aw-import: ignore;">&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';">4,649</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'; -aw-import: ignore;">&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';">691,943</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';">B</font><font style="font-family: 'Times New Roman';">uildings</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';">33</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';">2,154,710</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'; -aw-import: ignore;">&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';">9,703</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">23,268</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'; -aw-import: ignore;">&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';">(3,555)</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'; -aw-import: ignore;">&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';">36,821</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'; -aw-import: ignore;">&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';">2,220,947</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">L</font><font style="font-family: 'Times New Roman';">easehold 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';">11</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';">1,222,822</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'; -aw-import: ignore;">&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';">4,087</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">15,580</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'; -aw-import: ignore;">&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';">(4,806)</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">1,237,786</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';">M</font><font style="font-family: 'Times New Roman';">achinery 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';">13</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';">6,498,362</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'; -aw-import: ignore;">&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';">26,922</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">73,122</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'; -aw-import: ignore;">&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';">(4,179)</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'; -aw-import: ignore;">&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';">127,086</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'; -aw-import: ignore;">&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';">6,721,313</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<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';">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';">13</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,169,320</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">12,942</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">17,113</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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';">(8,666)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,190,709</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';">LPG </font><font style="font-family: 'Times New Roman';">tanks and bottles</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';">9</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';">776,479</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'; -aw-import: ignore;">&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';">18,153</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">1,567</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'; -aw-import: ignore;">&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';">(14,462)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">781,737</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">V</font><font style="font-family: 'Times New Roman';">ehicles</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';">8</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';">310,836</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'; -aw-import: ignore;">&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';">1,707</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">2,708</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'; -aw-import: ignore;">&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';">(11,252)</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'; -aw-import: ignore;">&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';">153</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'; -aw-import: ignore;">&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';">304,152</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';">F</font><font style="font-family: 'Times New Roman';">urniture and utensils</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';">9</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';">316,712</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'; -aw-import: ignore;">&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';">6,416</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">133</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'; -aw-import: ignore;">&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';">(9,753)</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'; -aw-import: ignore;">&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';">1,786</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'; -aw-import: ignore;">&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';">315,294</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">IT 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';">5</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';">444,844</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">4,136</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">782</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'; -aw-import: ignore;">&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';">(2,957)</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'; -aw-import: ignore;">&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';">981</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'; -aw-import: ignore;">&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';">447,786</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';">C</font><font style="font-family: 'Times New Roman';">onstruction in progress</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></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';">580,695</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'; -aw-import: ignore;">&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';">161,380</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(133,986)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">3,010</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'; -aw-import: ignore;">&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';">611,099</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">A</font><font style="font-family: 'Times New Roman';">dvances 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></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';">34,642</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'; -aw-import: ignore;">&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';">1,008</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(75)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">35,575</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';">Imports in progress</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></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';">866</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'; -aw-import: ignore;">&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';">2,730</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">4</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'; -aw-import: ignore;">&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';">3,462</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16,197,396</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">249,564</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">74</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(59,824)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">174,593</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16,561,803</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><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%">

<tr style="height: 48.2pt;">
<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'; -aw-import: ignore;">&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; -aw-import: ignore;">&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>
<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-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Transfer</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 03/31/2021</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';">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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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';">B</font><font style="font-family: 'Times New Roman';">uildings</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'; -aw-import: ignore;">&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';">(851,397)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(16,978)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">2,792</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(8,713)</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'; -aw-import: ignore;">&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';">(874,296)</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';">L</font><font style="font-family: 'Times New Roman';">easehold 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'; -aw-import: ignore;">&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';">(689,161)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(18,898)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">3,838</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'; -aw-import: ignore;">&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';">(59)</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'; -aw-import: ignore;">&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';">(704,280)</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';">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'; -aw-import: ignore;">&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';">(3,598,304)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(84,863)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">4,152</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'; -aw-import: ignore;">&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';">(27,694)</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'; -aw-import: ignore;">&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';">(3,706,709)</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';">A</font><font style="font-family: 'Times New Roman';">utomotive 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'; -aw-import: ignore;">&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';">(1,906,953)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(44,480)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">5,409</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(1,946,024)</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';">L</font><font style="font-family: 'Times New Roman';">PG 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'; -aw-import: ignore;">&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';">(454,651)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(14,749)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">9,088</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(460,312)</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';">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'; -aw-import: ignore;">&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';">(143,854)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(5,736)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">6,526</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'; -aw-import: ignore;">&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';">(64)</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'; -aw-import: ignore;">&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';">(143,128)</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';">F</font><font style="font-family: 'Times New Roman';">urniture 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'; -aw-import: ignore;">&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';">(191,713)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(5,480)</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'; -aw-import: ignore;">&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';">5</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'; -aw-import: ignore;">&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';">9,733</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'; -aw-import: ignore;">&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';">(1,052)</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'; -aw-import: ignore;">&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';">(188,507)</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';">I</font><font style="font-family: 'Times New Roman';">T 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'; -aw-import: ignore;">&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';">(352,256)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(8,839)</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'; -aw-import: ignore;">&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';">(79)</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'; -aw-import: ignore;">&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';">2,623</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'; -aw-import: ignore;">&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';">(580)</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'; -aw-import: ignore;">&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';">(359,131)</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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(8,188,289)</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(200,023)</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(74)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">44,161</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; 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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(38,162)</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(8,382,387)</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';">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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Land</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'; -aw-import: ignore;">&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';">(146)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(146)</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';">L</font><font style="font-family: 'Times New Roman';">easehold 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'; -aw-import: ignore;">&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';">(61)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(4)</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'; -aw-import: ignore;">&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';">(65)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">M</font><font style="font-family: 'Times New Roman';">achinery 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'; -aw-import: ignore;">&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';">(2,857)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(58)</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'; -aw-import: ignore;">&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';">(2,915)</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';">A</font><font style="font-family: 'Times New Roman';">utomotive 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'; -aw-import: ignore;">&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';">(73)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(67)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">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'; -aw-import: ignore;">&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';">(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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(3,247)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000; 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></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'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000; 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';">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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000; 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';">(62)</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'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(3,303)</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';">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'; -aw-import: ignore;">&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';">8,005,860</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'; -aw-import: ignore;">&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';">249,564</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'; -aw-import: ignore;">&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';">(200,023)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(15,657)</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'; -aw-import: ignore;">&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';">136,369</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'; -aw-import: ignore;">&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';">8,176,113</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of industrial facilities, terminals, stores, service stations and </font><font style="font-family: 'Times New Roman';">distribution bases.</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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, service stations and bases and acquisition of real estate.</font></p>
</div>
<div style="-aw-different-first-page: true; -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;"><font style="font-family: 'Times New Roman';">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'>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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</div>
</div>
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">Interim </font><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">Information</font><font style="font-family: 'Times New Roman';"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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-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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<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: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 34pt;">
<td style="width: 135.75pt; 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'; -aw-import: ignore;">&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; 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: 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; 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;">Balance on </font><font style="font-family: 'Times New Roman'; font-weight: bold;">12/31/2020</font></font></p>
</td>
<td style="width: 3.7pt; 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: 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 3.7pt; 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; 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;">Balance on 03/31/2021</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</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-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';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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';">246,163</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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';">246,163</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5</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';">9,111</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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';">9,111</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">255,274</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">255,274</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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-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';">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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(1,032)</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(461)</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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';">(1,493)</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,032)</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000; 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';">(461)</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,493)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net amount</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">254,242</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(461)</font></p>
</td>
<td style="width: 3.7pt; 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'; -aw-import: ignore;">&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';">253,781</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><br></p>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolida</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ted</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 476px; width: 100%;" width="100%">

<tr style="height: 56px;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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: 56px;">
<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; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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;">Transfer</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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: 56px;">
<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 03/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Cost:</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Goodwill (a)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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';">1,525,088</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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';">1,525,088</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Softwar</font><font style="font-family: 'Times New Roman';">e (b)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</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: 10pt;"><font style="font-family: 'Times New Roman';">1,395,046</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">31,313</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(18,117)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">2,562</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">1,410,720</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Technol</font><font style="font-family: 'Times New Roman';">ogy (c) </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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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';">32,617</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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';">32,617</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Distribution rights</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">11</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: 10pt;"><font style="font-family: 'Times New Roman';">133,599</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">133,599</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Brands </font><font style="font-family: 'Times New Roman';">(d)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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';">136,962</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">6,207</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'; -aw-import: ignore;">&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';">143,169</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Tradema</font><font style="font-family: 'Times New Roman';">rk rights (d)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">39</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: 10pt;"><font style="font-family: 'Times New Roman';">114,792</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">114,792</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Others (e)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">10</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';">50,698</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'; -aw-import: ignore;">&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';">337</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">868</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'; -aw-import: ignore;">&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';">51,903</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Decarbo</font><font style="font-family: 'Times New Roman';">nization credits (f)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">20,825</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">20,825</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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'; -aw-import: ignore;">&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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,388,802</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">52,475</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(84)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(18,117)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">9,637</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,432,713</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Accumulated amortization:</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Softwar</font><font style="font-family: 'Times New Roman';">e</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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(825,024)</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(48,410)</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'; -aw-import: ignore;">&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';">84</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">18,117</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2,293)</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'; -aw-import: ignore;">&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';">(857,526)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Technology</font></p>
</td>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(32,616)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">(32,616)</font></p>
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<td style="width: 132.9pt; 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';">Distrib</font><font style="font-family: 'Times New Roman';">ution rights</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(113,326)</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(940)</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(114,266)</font></p>
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<td style="width: 132.9pt; 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';">Tradema</font><font style="font-family: 'Times New Roman';">rk rights</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">(9,056)</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(734)</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">(9,790)</font></p>
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<td style="width: 132.9pt; 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';">Others</font></p>
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<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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(32,845)</font></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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></p>
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<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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(31)</font></p>
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<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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(4)</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'; -aw-import: ignore;">&nbsp;</font></p>
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<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';">(32,880)</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 132.9pt; 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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,012,867)</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'; -aw-import: ignore;">&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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(50,115)</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'; -aw-import: ignore;">&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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">18,117</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2,297)</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'; -aw-import: ignore;">&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; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,047,078)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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';">Provision for losses and impairment:</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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Goodwil</font><font style="font-family: 'Times New Roman';">l (a)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 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';">(593,280)</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'; -aw-import: ignore;">&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: 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></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'; -aw-import: ignore;">&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: 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></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'; -aw-import: ignore;">&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: 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></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'; -aw-import: ignore;">&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: 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></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'; -aw-import: ignore;">&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: 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></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'; -aw-import: ignore;">&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: 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';">(593,280)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 132.9pt; 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'; -aw-import: ignore;">&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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(593,280)</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(593,280)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 132.9pt; 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';">Net amount</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,782,655</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">52,475</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(50,115)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">7,340</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">1,792,355</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">Interim </font><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">Information</font><font style="font-family: 'Times New Roman';"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</div>
<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-style: italic; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Goodwill</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 275px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 17px;"><font style="font-weight: bold;">Segment</font></td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 17px;"><font style="font-weight: bold;">03/31/2021</font></td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 17px;"><br></td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 17px;"><font style="font-weight: bold;">12/31/2020</font></td>
</tr>
<tr style="height: 17px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Goodwill on the acquisition of:</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<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';">Extrafarma </font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">661,553</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">661,553</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<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';">Extrafarma &#8211; impairment</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font></p>
</td>
<td style="width: 66pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(593,280)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(593,280)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma &#8211; net</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extrafarma</font></p>
</td>
<td style="width: 66pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">68,273</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">68,273</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">276,724</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">276,724</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uni&#227;o Terminais</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">211,089</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">211,089</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Texaco</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">177,759</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">177,759</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">Iconic (CBLSA)</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; text-align: center; height: 17px; background-color: #cceeff; margin-left: 0.1px;">Ipiranga</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px; text-align: right;">69,807</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;"><br></td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px; text-align: right;">69,807</td>
</tr>
<tr style="height: 17px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno Uruguay</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">44,856</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">44,856</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Temmar</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">43,781</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">43,781</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">DNP</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">24,736</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">24,736</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Repsol</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultragaz</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,403</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,403</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">TEAS</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">797</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">797</font></p>
</td>
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<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font></p>
</td>
<td style="width: 66pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">583</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff; margin-left: 0.1px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">583</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #ffffff;">
<td style="width: 207.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">931,808</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 66pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">931,808</font></p>
</td>
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</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 r</font><font style="font-family: 'Times New Roman';">ates 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</font><font style="font-family: 'Times New Roman';"> 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 descr</font><font style="font-family: 'Times New Roman';">ibed below:<br><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>68</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Period of evaluation</font><font style="font-family: 'Times New Roman';">: t</font><font style="font-family: 'Times New Roman';">he evaluation of the value in use is calculated for a period of </font><font style="font-family: 'Times New Roman';">five</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';"> (exce</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">t </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> segment</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, after which </font><font style="font-family: 'Times New Roman';">the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">calculate</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> the perpetuity, considering the possibility of carrying the business on indefinitely.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma segment, a period of </font><font style="font-family: 'Times New Roman';">ten</font><font style="font-family: 'Times New Roman';"> years </font><font style="font-family: 'Times New Roman';">was used </font><font style="font-family: 'Times New Roman';">due to </font><font style="font-family: 'Times New Roman';">a four-year</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">period </font><font style="font-family: 'Times New Roman';">to maturity </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">new stores</font><font style="font-family: 'Times New Roman';"> were considered</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The goodwill impairment tests</font><font style="font-family: 'Times New Roman';">,</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 i</font><font style="font-family: 'Times New Roman';">mpairment</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">reco</font><font style="font-family: 'Times New Roman';">gnition of </font><font style="font-family: 'Times New Roman';">impairment</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Software</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">32</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">554</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';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">718</font><font style="font-family: 'Times New Roman';"> on December 31, 20</font><font style="font-family: 'Times New Roman';">20)</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Technology</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries Oxiteno S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognize as technology certain rights of use held by them. Such licenses include the production of ethylene oxide, ethylene glycols, ethanolamines, glycol ethers, ethoxylates, solvents, fatty acids</font><font style="font-family: 'Times New Roman';"> from vegetable oils, fatty alcohols, and specialty chemicals, which are products that are supplied to various industries.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">efer</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> mainly to </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">loyalty program </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">Clube Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">f. Decarboni</font><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;">ation credits</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>69</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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</div>
<p><br></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">Interim </font><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">Information</font><font style="font-family: 'Times New Roman';"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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-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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">a. Composition</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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;" width="100%">

<tr style="height: 34pt;">
<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-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 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-weight: bold; font-size: 8pt;">03/31/2021</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: 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-weight: bold; font-size: 8pt;">12/31/2020</font></p>
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<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-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'; font-weight: bold; font-size: 8pt;">Index/ Currency</font></p>
</td>
<td style="width: 76.2pt; 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 financial charges 03/31/2021 &#8211; % p.a.</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</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';">Brazilian Reais:</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; 6th issuance (f.5)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,726,471</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,734,113</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">DI</font></p>
</td>
<td style="width: 76.2pt; 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';">105.3</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2023</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';">Notes &#8211; Ultrapar (g.1)</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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,052,507</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'; -aw-import: ignore;">&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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,038,499</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">R$ + DI</font></p>
</td>
<td style="width: 76.2pt; 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';">3.1</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2021</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';">Total </font></p>
</td>
<td style="width: 45pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,778,978</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,772,612</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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';">Current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,054,676</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,048,495</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Non-current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,724,302</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,724,117</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 10pt; 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: 7pt 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolidated</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 205px; width: 100%;" width="100%">

<tr style="height: 51px;">
<td style="width: 155.55pt; 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-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 45pt; 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;">03/31/2021</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: 45pt; 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;">12/31/2020</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: right; font-size: 10pt;"><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: 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;">Index/ Currency</font></p>
</td>
<td style="width: 76.2pt; 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 financial charges 03/31/2021 &#8211; % p.a.</font></p>
</td>
<td style="width: 47.85pt; 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;">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: 10pt;"><font style="font-family: 'Times New Roman';">Foreign currency</font><font style="font-family: 'Times New Roman';">:</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">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: 10pt;"><font style="font-family: 'Times New Roman';">8,080,186</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign loan (c.1) (*)</font></p>
</td>
<td style="width: 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';">1,118,332</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 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';">1,047,644</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">US$ </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: 10pt;"><font style="font-family: 'Times New Roman';">3.9</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Financial institutions (d)</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: 10pt;"><font style="font-family: 'Times New Roman';">344,530</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign loan (c.1) (*)</font></p>
</td>
<td style="width: 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';">282,882</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 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';">261,284</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">US$ + LIBOR (1)</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: 10pt;"><font style="font-family: 'Times New Roman';">1.0</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Financial institutions (d)</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: 10pt;"><font style="font-family: 'Times New Roman';">171,132</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; 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: 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;">Financial institutions (d)</font></p>
</td>
<td style="width: 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';">42,015</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 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';">39,350</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">MX$ (2)</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: 10pt;"><font style="font-family: 'Times New Roman';">8.2</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';"><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;">Advances on foreign exchange contracts</font></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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">105,579</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman';">2021</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: 10pt;"><font style="font-family: 'Times New Roman';">Total foreign currency</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; 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';">10,039,077</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; 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';">9,188,527</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 379px; width: 100%;" width="100%">

<tr style="height: 51px;">
<td style="width: 155.55pt; 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-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 45pt; 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;">03/31/2021</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: 45pt; 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;">12/31/2020</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: right; font-size: 10pt;"><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: 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;">Index/ Currency</font></p>
</td>
<td style="width: 76.2pt; 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 financial charges 03/31/2021 &#8211; % p.a.</font></p>
</td>
<td style="width: 47.85pt; 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;">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">Debentures &#8211; CRA (f.2, f.4 and f.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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,049,268</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,037,602</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; 6&#170; issuance (f.5)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,726,471</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,734,113</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">105.3</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; Ipiranga (f.1 and f.3)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,687,836</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,679,036</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes - </font><font style="font-family: 'Times New Roman';">Ultrapar (g.1)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,052,508</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,038,499</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; CRA (f.2, f.4 and f.6) (*)</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">982,178</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,000,824</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; Tequimar (f.7) (*)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,210</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">92,541</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">R$</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: 10pt;"><font style="font-family: 'Times New Roman';">6.5</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: 10pt;"><font style="font-family: 'Times New Roman';">2024</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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Deb&#234;ntures - Tequimar&nbsp;and&nbsp;Tequimar Vila do Conde (f.8 and f.9) (*)</font></p>
</td>
<td style="width: 45pt; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">466,127</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">IPCA</font></p>
</td>
<td style="width: 76.2pt; 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';">4.1</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2028</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';">Banco do Brasil </font><font style="font-family: 'Times New Roman';">(e)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">406,950</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">407,420</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">110.9</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Bank&nbsp;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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">50,000</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">50,692</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">2.0</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: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">FINEP</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">26,921</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,803</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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';">TJLP (3)</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: 10pt;"><font style="font-family: 'Times New Roman';">1.6</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: 10pt;"><font style="font-family: 'Times New Roman';">2021 to 2023</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';">Total in Brazilian Reais</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,535,469</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,070,530</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,574,546</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Currency and interest rate hedging instruments (**)</font></p>
</td>
<td style="width: 45pt; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">31,716</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">117,159</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">Total </font></p>
</td>
<td style="width: 45pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,606,262</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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; 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></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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">Current</font></p>
</td>
<td style="width: 45pt; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,249,219</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,255,944</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,357,043</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">14,120,272</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman';">(*) These transactions were designated for hedge accounting (see Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman';">(**) </font><font style="font-family: 'Times New Roman';">Accumulated</font><font style="font-family: 'Times New Roman';"> losses (see Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">LIBOR = London Interbank </font><font style="font-family: 'Times New Roman';">Offered Rate.</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'; font-size: 6pt; vertical-align: super; -aw-import: ignore;">&nbsp;</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'; font-size: 6pt; vertical-align: super;">(2)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">MX$ = Mexican Peso; TIIE = the Mexican interbank balance interest rate.</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'; font-size: 6pt; vertical-align: super; -aw-import: ignore;">&nbsp;</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'; font-size: 6pt; vertical-align: super;">(3)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">TJLP (Long-term Interest Rate) = set by the National Monetary Council, TJLP is the basic financing cost of Banco Nacional de Desenvolvimento Econ&#244;mico e Social (&#8220;BNDES&#8221;</font><font style="font-family: 'Times New Roman';">), the Brazilian Development Bank. </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, TJLP was fixed at </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">39</font><font style="font-family: 'Times New Roman';">% p.a.</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 285.95pt; 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-weight: bold; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 2.7pt; 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;">&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: 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; background-color: #cceeff;">
<td style="width: 285.95pt; 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';">Balance as of December 31, 2020</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';">2,772,612</font></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">17,376,216</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 285.95pt; 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';">New loans and debentures with cash effect</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></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">463,012</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 285.95pt; 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';">Interest accrued</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';">22,989</font></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">180,895</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 285.95pt; 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';">Principal payment</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></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">(126,491)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 285.95pt; 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';">Interest payment</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';">(16,623)</font></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">(50,508)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 285.95pt; 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';">Monetary and exchange rate variation</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></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">906,705</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 285.95pt; 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';">Change in fair value</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></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">(58,124)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 285.95pt; 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';">Hedge result</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></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&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';">(85,443)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 285.95pt; 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';">Balance as of March 31, 2021</font></p>
</td>
<td style="width: 56.35pt; 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';">2,778,978</font></p>
</td>
<td style="width: 2.7pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; 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';">18,606,262</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 268.95pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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-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;">
<p style="margin-top: 0pt; margin-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: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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';">From 1 to 2 years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,459,983</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,702,626</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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';">From 2 to 3</font><font style="font-family: 'Times New Roman';"> years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,414,077</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,091,641</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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';">From 3 to 4 years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">761,774</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">784,778</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 268.95pt; 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';">From 4 to 5 years</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">268,114</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">231,271</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 268.95pt; 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';">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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">8,453,095</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">7,309,956</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="width: 268.95pt; 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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">15,357,043</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'; -aw-import: ignore;">&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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">14,120,272</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">h</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company&#8217;s management entered into hedging instruments against foreign exchange and interest rate variations for a portion of its debt obligations (see Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h</font><font style="font-family: 'Times New Roman';">).</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<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-style: italic;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><br></p>
<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-style: italic;"><br></font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On October 6, 2016</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the subsidiary Ultrapar Internat</font><font style="font-family: 'Times New Roman';">ional </font><font style="font-family: 'Times New Roman';">S.A. (&#8220;Ultrapar International&#8221;) </font><font style="font-family: 'Times New Roman';">issued US$ 750</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent </font><font style="font-family: 'Times New Roman';">to R$ </font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">272</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">975</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">March</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';">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';">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';">otes 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 style="font-family: 'Times New Roman';">2 and 33.h.3</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</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';">s</font><font style="font-family: 'Times New Roman';">ubsidiary</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar International</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">issued US$ 500</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> (equivalent</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to R$ </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">848</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">650</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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</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 </font><font style="font-family: 'Times New Roman';">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 33.h.3</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On June 21</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';">the subsidiary </font><font style="font-family: 'Times New Roman';">Ultrapar International</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">repurchased</font><font style="font-family: 'Times New Roman';"> US$ 200</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> (equivalent</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$ </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';">139</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">460</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';">March</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';">in notes in the foreign market maturing in October 2026</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On July 13, </font><font style="font-family: 'Times New Roman';">2020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the subsidiary Ultrapar 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';">, </font><font style="font-family: 'Times New Roman';">realizing</font><font style="font-family: 'Times New Roman';"> new issuance </font><font style="font-family: 'Times New Roman';">in the amount of US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">350</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent to R$ </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';">994</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">055</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31</font><font style="font-family: 'Times New Roman';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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 Ultrapar International and IPP</font><font style="font-family: 'Times New Roman';">;</font></li>
</ul>
<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'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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';">854</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">595</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';">March</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';">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';">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></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">are in compliance with the levels of covenants required by </font><font style="font-family: 'Times New Roman';">this</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">debt</font><font style="font-family: 'Times New Roman';">. The restrictions imposed on the Company and its subsidiaries are customary in transactions of this </font><font style="font-family: 'Times New Roman';">nature</font><font style="font-family: 'Times New Roman';"> and have not limited their ability to conduct their business to date.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121; -aw-import: ignore;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>73</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<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-style: italic;"><br></font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</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';">866</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';">March</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';">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';">. 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 149.9pt; 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'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="width: 79.05pt; 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'; font-weight: bold; font-size: 8pt;">US$</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$</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: 79.05pt; 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'; font-weight: bold; font-size: 8pt;">Cost in % of DI</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 149.9pt; 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';">Charges </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 79.05pt; 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';">10,944</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">62,348</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 149.9pt; 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';">Jul/2021</font></p>
</td>
<td style="width: 79.05pt; 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';">60,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">341,838</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">101.8</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 149.9pt; 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';">Jun/2022</font></p>
</td>
<td style="width: 79.05pt; 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';">50,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">284,865</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">105.0</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 149.9pt; 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';">Sep/2023</font></p>
</td>
<td style="width: 79.05pt; 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';">60,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">341,838</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; 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';">105.0</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 149.9pt; 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';">Sep/2023</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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">65,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">370,325</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">104.8</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 149.9pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">Total / average cost</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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';">245,944</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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';">1,401,214</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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';">104.1</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> Includes interest, transaction costs </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">fair value adjustments</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">d</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;">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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries Oxiteno Mexico S.A. de C.V., </font><font style="font-family: 'Times New Roman';">Oxiteno USA LLC</font><font style="font-family: 'Times New Roman';"> (&#8220;Oxiteno USA&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Uruguay </font><font style="font-family: 'Times New Roman';">have loans </font><font style="font-family: 'Times New Roman';">for</font><font style="font-family: 'Times New Roman';"> investments and working capital.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">subsidiary Oxiteno USA </font><font style="font-family: 'Times New Roman';">has</font><font style="font-family: 'Times New Roman';"> loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with </font><font style="font-family: 'Times New Roman';">bearing interest of </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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<tr style="height: 17px;">
<td style="width: 266.15pt; 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;">Maturity</font></p>
</td>
<td style="width: 70.35pt; 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;">US$</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">R$</font></font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 266.15pt; 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';">Charges </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 70.35pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.75pt; padding-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';">15</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 266.15pt; 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';">Sep/2021</font></p>
</td>
<td style="width: 70.35pt; 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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman';">60,000</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; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.75pt; 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-family: 'Times New Roman';">344,515</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 266.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<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';">Total</font></p>
</td>
<td style="width: 70.35pt; border-top: 0.75pt solid #000000; 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-family: 'Times New Roman';">60,003</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.75pt; border-top: 0.75pt solid #000000; 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-family: 'Times New Roman';">344,530</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> Includes interest.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<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-style: italic;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<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-style: italic;">e</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;">Banco do Brasil</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP has floating interest rate loans with Banco do Brasil to marketing, processing</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or manufacturing of agricultural goods (ethanol)</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">March</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';">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></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 69px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 339.85pt; 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-weight: bold; font-size: 8pt;">Maturity</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; 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; 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;">03/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 339.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">May/2021</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">203,814</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 339.85pt; 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';">May/2022</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">203,136</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Total</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">406,950</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">f</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;">Debentures</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times; -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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">Face value </font><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">May 25, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">2</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; Consultoria de Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Financeiras</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Agropecu&#225;rias Ltda. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he proceeds from this issuance</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> used</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">exclusively </font><font style="font-family: 'Times New Roman';">for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>75</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br>The debentures were later assigned and transferred to Eco Securitizadora de Direitos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Credit&#243;rios do Agroneg&#243;cio S.A. tha</font><font style="font-family: 'Times New Roman';">t acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). </font><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">debentures have an additional guarantee from Ultrapar and the </font><font style="font-family: 'Times New Roman';">main characteristics of the debentures are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">A</font><font style="font-family: Times;">mount:</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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">April</font><font style="font-family: Times;"> </font><font style="font-family: Times;">18, 2022</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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">95</font><font style="font-family: Times;">.0</font><font style="font-family: Times;">% 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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times; -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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">April</font><font style="font-family: Times;"> </font><font style="font-family: Times;">15, 2024</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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">IPCA + 4.</font><font style="font-family: Times;">68</font><font style="font-family: Times;">%</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: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Times;">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: 10pt;"><font style="font-family: Times;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3</font><font style="font-family: 'Times New Roman';"> </font><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 foll</font><font style="font-family: 'Times New Roman';">ows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">July 28, 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4</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. </font><font style="font-family: 'Times New Roman';">The debentures have been subscribed by Vert</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Companhia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Securitizadora. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he proceeds from this issuance were</font><font style="font-family: 'Times New Roman';"> used </font><font style="font-family: 'Times New Roman';">exclusively </font><font style="font-family: 'Times New Roman';">for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman';"><br>The debentures were later assigned and transferred to Vert Cr&#233;ditos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ltda</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">, that acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA).</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The financial settlement occurred on November 1, 2017</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he debentures have an additional guarantee from Ultrapar and t</font><font style="font-family: 'Times New Roman';">he main characteristics of the debentures are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not </font><font style="font-family: 'Times New Roman';">applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 inst</font><font style="font-family: 'Times New Roman';">ruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5</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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Final </font><font style="font-family: 'Times New Roman';">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: 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></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.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.</font><font style="font-family: 'Times New Roman';"> The debentures have been subscribed by Vert Companhia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Securitizadora. The proceeds from this issuance </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> used exclusively for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The debentures were subscribed with the purpose to bind the issuance of CRA. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he fin</font><font style="font-family: 'Times New Roman';">ancial settlement occurred on December 21, 2018</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Lump </font><font style="font-family: 'Times New Roman';">sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP contracted hedging instruments subjected to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">IPCA variation,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">changing the debentures charges</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">linked to IPCA to 97.1% of DI. IPP </font><font style="font-family: 'Times New Roman';">designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.7</font><font style="font-family: 'Times New Roman';"> In November 2019, the subsidiary Tequimar made its first issuance of debentures, in a single series of 90,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">November 19, 2024</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">6.47%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary Tequimar contracted hedging instruments subjected interest rate </font><font style="font-family: 'Times New Roman';">variation, changing the debentures fixed for 99.94% of the DI. Tequimar designated these hedging instruments as fair value hedges</font><font style="font-family: 'Times New Roman';"> therefore</font><font style="font-family: 'Times New Roman';"> debentures and hedging instruments are both measured at fair value from inception, with changes in fair value reco</font><font style="font-family: 'Times New Roman';">gnized </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> profit or loss.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-right: 5.65pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f.8</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';">March</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';"> the subsidiary Tequimar</font><font style="font-family: 'Times New Roman';"> Vila do Conde Log&#237;stica Portu&#225;ria S.A.</font><font style="font-family: 'Times New Roman';"> (&#8220;Tequimar Vila do Conde&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">made its first issuance of debentures, in a single series of </font><font style="font-family: 'Times New Roman';">36</font><font style="font-family: 'Times New Roman';">0,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; 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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">8</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Payment of the </font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">IPCA + 4</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">04%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary Tequimar contracted hedging instruments subjected interest rate variation changing the debentures fixed for </font><font style="font-family: 'Times New Roman';">111</font><font style="font-family: 'Times New Roman';">.4% of the DI. Tequimar designated these hedging instruments as fair value hedges therefore debentures and hedging instruments are</font><font style="font-family: 'Times New Roman';"> both measured at fair value from inception with changes in fair value recognized in profit or loss.</font></p>
<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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-right: 5.65pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">f.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9</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';">March</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';"> the subsidiary Tequimar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">made its </font><font style="font-family: 'Times New Roman';">second</font><font style="font-family: 'Times New Roman';"> issuance of debentures, in a single series of </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">0,000 simple, nonconvertible into shares and </font><font style="font-family: 'Times New Roman';">unsecured debentures, which main characteristics are as follows:</font></p>
<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'; -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: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">8</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">IPCA + 4</font><font style="font-family: 'Times New Roman';">.37</font><font style="font-family: 'Times New Roman';">%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary Tequimar contracted hedging instruments subjected interest rate variation changing the debentures fixed for </font><font style="font-family: 'Times New Roman';">111</font><font style="font-family: 'Times New Roman';">.4% of the DI. Tequimar designated these hedging instruments as fair value hedges therefore debentures and hedging instruments are</font><font style="font-family: 'Times New Roman';"> both measured at fair value from inception with changes in fair value recognized in profit or loss.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><br></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; 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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 339.85pt; 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'; 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; 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;">03/31/2021</font></p>
</td>
</tr>
<tr style="height: 15.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Charges </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">80,856</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">May/2021</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">166,700</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Jul/2021</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">750,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">Apr/2022</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">660,139</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Jul/2022</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">750,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">Oct/2022</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">730,384</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Mar/2023</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">1,725,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">Dec/2023</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">660,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Apr/2024</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">410,815</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">Oct/2024</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">247,351</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Nov/2024</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">90,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 339.85pt; 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';">Dec/2025</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">266,605</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 339.85pt; 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';">Mar/2028</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">461,240</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="width: 339.85pt; 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';">Total</font></p>
</td>
<td style="width: 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'; -aw-import: ignore;">&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';">6,999,090</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">g</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;">Notes</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">In April 2020</font><font style="font-family: 'Times New Roman';"> 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 12.75pt;">
<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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">April 6, 2021</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">DI + 3.10%</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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-style: italic;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<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-style: italic;">h</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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Transaction costs incurred in issuing debt were deducted from the value of the related </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 38.25pt;">
<td style="width: 130.05pt; 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'; 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;">Effective rate of transaction costs (% p.a.)</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; padding-right: 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>
<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; padding-right: 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;">Incurred cost</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: 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;">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: 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;">Balance on 03/31/2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Debentures (f)</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';">0.2</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">28,348</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'; -aw-import: ignore;">&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';">10,529</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(3,208)</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'; -aw-import: ignore;">&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';">35,669</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 130.05pt; 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';">Notes in the foreign market (b)</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';">0.1</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">37,112</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(1,205)</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'; -aw-import: ignore;">&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';">35,907</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Notes (g)</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';">0.5</font></p>
</td>
<td style="width: 7pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">1,318</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(1,236)</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'; -aw-import: ignore;">&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';">82</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 130.05pt; 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';">Banco do Brasil (e)</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';">0.1</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">332</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">(89)</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'; -aw-import: ignore;">&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';">243</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Total</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'; -aw-import: ignore;">&nbsp;</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">67,110</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'; -aw-import: ignore;">&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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">10,529</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(5,738)</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'; -aw-import: ignore;">&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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">71,901</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amount to b</font><font style="font-family: 'Times New Roman';">e 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: 10pt;"><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;" width="100%">

<tr style="height: 29.25pt;">
<td style="width: 130.05pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; 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;">Up to 1 year</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: 36.5pt; 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;">1 to 2 years</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: 36.5pt; 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;">2 to 3 years</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: 36.5pt; 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;">3 to 4 years</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: 36.5pt; 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;">4 to 5 years</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;">More than 5 years</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: 36.5pt; 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;">Total</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Debentures (f)</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,699</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">9,245</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5,894</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,185</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,670</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'; -aw-import: ignore;">&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';">2,976</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">35,669</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 130.05pt; 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';">Notes in the foreign market (b)</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,891</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,894</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,911</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,900</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,904</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'; -aw-import: ignore;">&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';">11,407</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">35,907</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Notes (g)</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 130.05pt; 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';">Banco do Brasil (e)</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">212</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">31</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">243</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.05pt; 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';">Total</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">18,884</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">14,170</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">10,805</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">7,085</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">6,574</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">14,383</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; border-top: 1pt solid #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';">71,901</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">. Guarantees</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">569</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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">75</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">251</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and by guarantees and promissory notes in the amount </font><font style="font-family: 'Times New Roman';">of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">166</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">160</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">758</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">033</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">120</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">817</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';">March</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';">129</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">139</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Some </font><font style="font-family: 'Times New Roman';">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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 269.4pt; 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-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 65.1pt; 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;">IPP</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 269.4pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 65.1pt; 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;">03/31/2021</font></p>
</td>
<td style="width: 3.65pt; 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'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 65.1pt; 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;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 269.4pt; 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';">Maximum amount of future </font><font style="font-family: 'Times New Roman';">payments related to these collaterals</font></p>
</td>
<td style="width: 65.1pt; 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';">363,914</font></p>
</td>
<td style="width: 3.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 65.1pt; 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';">330,944</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 269.4pt; 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';">Maturities of up to</font></p>
</td>
<td style="width: 65.1pt; 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';">47 months</font></p>
</td>
<td style="width: 3.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 65.1pt; 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';">46 months</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 269.4pt; 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';">Fair value of collaterals</font></p>
</td>
<td style="width: 65.1pt; 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';">6,979</font></p>
</td>
<td style="width: 3.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 65.1pt; 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';">5,496</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> the subsidiaries did not have losses in connectio</font><font style="font-family: 'Times New Roman';">n 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.<br></font><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr 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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></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';">17. Trade </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">ayables</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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: 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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>
</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';">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';">29,319</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">1,937,465</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'; -aw-import: ignore;">&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';">2,306,398</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';">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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">8,767</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'; -aw-import: ignore;">&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';">5,102</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';">Domestic </font><font style="font-family: 'Times New Roman';">suppliers &#8211; reverse factoring (i)</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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">1,568,803</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'; -aw-import: ignore;">&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';">1,021,424</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';">Domestic suppliers &#8211; reverse factoring (i) - 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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">105,530</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'; -aw-import: ignore;">&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';">61,989</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';">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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">558,567</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'; -aw-import: ignore;">&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';">307,486</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';">Foreign suppliers - related parties (see Note </font><font style="font-family: 'Times New Roman';">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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">105,396</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'; -aw-import: ignore;">&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';">126,033</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';">Foreign suppliers &#8211; reverse factoring (i)</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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">241,616</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'; -aw-import: ignore;">&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';">212,220</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">29,319</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">4,526,144</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">4,040,652</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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';">(i) 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 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 supplier</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and 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 agr</font><font style="font-family: 'Times New Roman';">eement 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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: 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; 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>
</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';">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';">9,971</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">206,006</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'; -aw-import: ignore;">&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';">195,286</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">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';">8,919</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">68,654</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'; -aw-import: ignore;">&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';">184,306</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';">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';">11,611</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">93,417</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'; -aw-import: ignore;">&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';">73,267</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">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';">675</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">16,590</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'; -aw-import: ignore;">&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';">15,771</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'; -aw-import: ignore;">&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';">31,176</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'; -aw-import: ignore;">&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';">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'; -aw-import: ignore;">&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';">384,667</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'; -aw-import: ignore;">&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';">468,630</font></p>
</td>
</tr>

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

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

</table>
<hr 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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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-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</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 192.4pt; 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'; -aw-import: ignore;">&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'; font-weight: bold; -aw-import: ignore;">&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: 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 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: 192.4pt; 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'; -aw-import: ignore;">&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'; font-weight: bold; -aw-import: ignore;">&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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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: 45.65pt; 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'; 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: 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1.1pt; 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; 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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 192.4pt; 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';">ICMS</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">235,177</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">180,522</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 192.4pt; 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';">IPI</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">13,716</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">8,952</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 192.4pt; 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';">PIS </font><font style="font-family: 'Times New Roman';">and COFINS</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">407</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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';">569</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">9,243</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">13,187</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 192.4pt; 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';">ISS</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">49</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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';">49</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">39,743</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">38,328</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 192.4pt; 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';">Value-added tax (IVA) of foreign subsidiaries </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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">21,907</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">27,322</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="width: 192.4pt; 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';">Others</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">152</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; 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';">194</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">22,954</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">17,703</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 192.4pt; 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'; -aw-import: ignore;">&nbsp;</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">608</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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';">812</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">342,740</font></p>
</td>
<td style="width: 1.1pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; 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';">286,014</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In February 2001</font><font style="font-family: 'Times New Roman';"> the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and </font><font style="font-family: 'Times New Roman';">its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;</font><font style="font-family: 'Times New Roman';">&#227;</font><font style="font-family: 'Times New Roman';">o de Pr</font><font style="font-family: 'Times New Roman';">evid&#234;ncia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Complementar (&#8220;Ultraprev&#8221;), since August 2001. Under the terms of the plan, every year each participating employee chooses his or her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent</font><font style="font-family: 'Times New Roman';"> to each basic contribution, up to a limit of 11% of the employee&#8217;s reference salary, according to the rules of the plan. As participating employees retire, they may choose to receive either (i) a monthly sum ranging between 0.</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">% and 1.0% of their respecti</font><font style="font-family: 'Times New Roman';">ve accumulated fund in Ultraprev 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 </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ompany</font><font style="font-family: 'Times New Roman';"> and its subsidiaries</font><font style="font-family: 'Times New Roman';"> do</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In May 2020</font><font style="font-family: 'Times New Roman';"> the Deliberative Council of Ultraprev 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';">15</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">756</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';">31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">332</font><font style="font-family: 'Times New Roman';"> on </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the three-month p</font><font style="font-family: 'Times New Roman';">eriod ended March 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, the subsidiaries contributed</font><font style="font-family: 'Times New Roman';"> to Ultraprev with</font><font style="font-family: 'Times New Roman';"> R$ </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';">750</font><font style="font-family: 'Times New Roman';">, including the use of the reversion fund of R$ </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';">736</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 three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> the subsidiaries contributed to Ultraprev with </font><font style="font-family: 'Times New Roman';">R$ </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';">476</font><font style="font-family: 'Times New Roman';">)</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';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> was </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';">128</font><font style="font-family: 'Times New Roman';">&nbsp;active participants and </font><font style="font-family: 'Times New Roman';">366</font><font style="font-family: 'Times New Roman';"> retired participants. In addition Ultraprev 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>84</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries recognized a provision for post-employment be</font><font style="font-family: 'Times New Roman';">nefits 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amounts related to such benefits were determined based on a valuation conducted </font><font style="font-family: 'Times New Roman';">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';">March</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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
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<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>
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<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>
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<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>
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<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-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
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<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;">03/31/2021</font></p>
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<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>
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<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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
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<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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
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<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; 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>
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<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';">Health and dental care plan </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">203,299</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'; -aw-import: ignore;">&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';">200,318</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Indemnification of FGTS</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';">2,626</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'; -aw-import: ignore;">&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';">2,527</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'; -aw-import: ignore;">&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';">54,289</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'; -aw-import: ignore;">&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';">53,952</font></p>
</td>
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<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';">Seniority bonus </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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">14,189</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'; -aw-import: ignore;">&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';">16,336</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Life insurance </font><font style="font-family: 'Times New Roman'; font-size: 6.67pt; vertical-align: super;">(1)</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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">14,317</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'; -aw-import: ignore;">&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';">14,118</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';">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,626</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'; -aw-import: ignore;">&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';">2,527</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'; -aw-import: ignore;">&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';">286,094</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'; -aw-import: ignore;">&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';">284,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Current</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></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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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';">27,125</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'; -aw-import: ignore;">&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';">27,077</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';">Non-current</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';">2,626</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'; -aw-import: ignore;">&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';">2,527</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'; -aw-import: ignore;">&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';">258,969</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'; -aw-import: ignore;">&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';">257,647</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(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></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">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></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Changes in the </font><font style="font-family: 'Times New Roman';">provision for asset retirement obligation are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 348.35pt; 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';">Balance as of December 31, 2020</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';">53,435</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 348.35pt; 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';">Additions (new tanks)</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';">18</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 348.35pt; 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';">Expenditure with tanks removed</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';">(138)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 348.35pt; 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';">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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,321</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 348.35pt; 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';">Balance as of March 31, 2021</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: 10pt;"><font style="font-family: 'Times New Roman';">54,636</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 348.35pt; 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';">Current</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';">4,372</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 348.35pt; 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';">Non-current</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';">50,264</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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-family: 'Times New Roman';">22. Provisions and contingencies (Consolidated)</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 215px; width: 100%;" width="100%">

<tr style="height: 33px;">
<td style="width: 101.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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;">Reversals</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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;">Payments</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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;">Interest</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<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 03/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 101.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">IRPJ and CSLL (a.1.1)</font></p>
</td>
<td style="width: 47.5pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">547,862</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,242</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">549,104</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 101.7pt; 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';">ICMS </font></p>
</td>
<td style="width: 47.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">108,568</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,055)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">27</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">107,540</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 101.7pt; 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';">Civil, environmental and regulatory claims (a.2.1)</font></p>
</td>
<td style="width: 47.5pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">57,772</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">8,583</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2,723)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(48)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">63,600</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 101.7pt; 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';">Labor litigation (a.3.1)</font></p>
</td>
<td style="width: 47.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">90,675</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,184</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(4,634)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(771)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">714</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">87,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 101.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Others</font></p>
</td>
<td style="width: 47.5pt; 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';">93,168</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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></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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">228</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">93,396</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 101.7pt; 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';">Total</font></p>
</td>
<td style="width: 47.5pt; 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';">898,045</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">9,767</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">(8,412)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">(819)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">2,227</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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';">900,808</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 101.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Current</font></p>
</td>
<td style="width: 47.5pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">43,660</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">41,690</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 101.7pt; 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';">Non-current</font></p>
</td>
<td style="width: 47.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">854,385</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">859,118</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">in whole or in part, </font><font style="font-family: 'Times New Roman';">escrow deposits</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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;">03/31/2021</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; 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>
</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';">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';">789,821</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'; -aw-import: ignore;">&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';">789,624</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';">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';">57,184</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'; -aw-import: ignore;">&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';">57,603</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';">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';">103,358</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'; -aw-import: ignore;">&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';">102,569</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';">Total &#8211; non-current assets</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';">950,363</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'; -aw-import: ignore;">&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';">949,796</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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-style: italic;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">a.1 Provisions for tax matters and social security</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</font><font style="font-family: 'Times New Roman';"> the subsidiaries Cia. Ultragaz and 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 </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> the subsidiaries made escrow deposits for these deb</font><font style="font-family: 'Times New Roman';">its which amounted to R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">524</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">426</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';">March</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';">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';">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 December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">). On July 18, 2014</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';"> the subsidiaries presented a writ of prevention which was dismissed on December 30, 2014</font><font style="font-family: 'Times New Roman';"> and the </font><font style="font-family: 'Times New Roman';">subsidiaries </font><font style="font-family: 'Times New Roman';">appealed this </font><font style="font-family: 'Times New Roman';">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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">issues in the amount of R</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';">600</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';">March</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';">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';">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 of December&nbsp;</font><font style="font-family: 'Times New Roman';">31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">a.3 Provisions for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">labor matters</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">87</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">168</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';">March</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';">90</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 of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) for labor litigation filed by former employees and by employees of our service </font><font style="font-family: 'Times New Roman';">providers</font><font style="font-family: 'Times New Roman';"> mainly</font><font style="font-family: 'Times New Roman';"> contesting the non-payment of labor rights.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 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$ </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';">264</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">060</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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (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';">2</font><font style="font-family: 'Times New Roman';">36,982</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have contingent liabilities for tax matters and social security in the amount of </font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">453</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">711</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">419</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">), mainly represented by:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">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';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">176</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">725</font><font style="font-family: 'Times New Roman';"> a</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">176</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">390</font><font style="font-family: 'Times New Roman';"> as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).<br><br></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">958</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">503</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';">March</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';">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';">958.134</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 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';"> Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ </font><font style="font-family: 'Times New Roman';">300</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">655</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';">March</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';">300</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 December 31, 20</font><font style="font-family: 'Times New Roman';">20</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';">7</font><font style="font-family: 'Times New Roman';">68</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';">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';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</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';">98</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">266</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';">March</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';">98</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 December 31, 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';">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';">120</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">197</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';">March</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';">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';">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 December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">); </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">inventory differences in the amount of R$ </font><font style="font-family: 'Times New Roman';">270</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">090</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';">March</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';">269</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 December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) related to the leftovers or faults due to temperature changes or product handling.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 Cont</font><font style="font-family: 'Times New Roman';">ribution, 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';">729</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">304</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';">March</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';">709</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 December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">), mainly represented by:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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';">213</font><font style="font-family: 'Times New Roman';">,</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';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">212</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 of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, which 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 recogniz</font><font style="font-family: 'Times New Roman';">e a provision for this contingent liability.</font><font style="font-family: 'Times New Roman';"> Management assessed the likelihood of loss in this case as "possible", supported by the opinion of its legal advisors, and therefore did not recognize a provision for this contingent liability.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have contingent liabilities for civil, environmental and regulatory claims in the </font><font style="font-family: 'Times New Roman';">amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">559</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">411</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">933</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">561</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">713</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">840</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, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">), mainly represented by:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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$ </font><font style="font-family: 'Times New Roman';">33.946</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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">33.895</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</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></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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: i) one of the proceedings relate to practices in the State of Para&#237;ba and other Northeast States, in which the subsidiary Bahiana is part al</font><font style="font-family: 'Times New Roman';">ong 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 Bahiana 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 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 </font><font style="font-family: 'Times New Roman';">also </font><font style="font-family: 'Times New Roman';">signed a TCC with CADE, app</font><font style="font-family: 'Times New Roman';">roved 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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in the amount of R$ 50 each. With the TCC, the administrative proceeding will be suspended in relation to the Cia. Ultrag</font><font style="font-family: 'Times New Roman';">az</font><font style="font-family: 'Times New Roman';"> until final decision</font><font style="font-family: 'Times New Roman';">.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</font><font style="font-family: 'Times New Roman';"> 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 inqui</font><font style="font-family: 'Times New Roman';">ry initiated in May 2012, which was converted into an administrative proceeding in June 2020, is in the stage of presentation of defense. Besides these, i</font><font style="font-family: 'Times New Roman';">n April, 2019</font><font style="font-family: 'Times New Roman';">,</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 </font><font style="font-family: 'Times New Roman';">fine</font><font style="font-family: 'Times New Roman';"> </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 </font><font style="font-family: 'Times New Roman';">counsel that classified the probability of loss as remote</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Management did not recognize a provision for these contingencies, supported by the opinion of external lawyers, who classify the likelihood of loss as remote.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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</font><font style="font-family: 'Times New Roman';"> a technic</font><font style="font-family: 'Times New Roman';">al opinion was issued by the Operational Support Center for Execution (Centro de Apoio</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Operacional &#224; Execu&#231;&#227;o </font><font style="font-family: 'Times New Roman';">&#8211;</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 environme</font><font style="font-family: 'Times New Roman';">ntal damages caused by the fire on April 2</font><font style="font-family: 'Times New Roman'; font-size: 7.33pt; vertical-align: super;">nd</font><font style="font-family: 'Times New Roman';">, 2015 at the Santos Terminal of the subsidiary Tequimar. This technical opinion is non-binding, with no condemnatory or sanctioning nature, and will still be evaluated by the authorities and parties. The subsidi</font><font style="font-family: 'Times New Roman';">ary </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 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 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';">egotiation on compensation for other alleged damages are still ongoing and once concluded</font><font style="font-family: 'Times New Roman';">, the payments related to th</font><font style="font-family: 'Times New Roman';">e project costs may affect the </font><font style="font-family: 'Times New Roman';">future </font><font style="font-family: 'Times New Roman';">Company&#8217;s </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';">.</font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman';"><br>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 Tequimar, 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 Tequimar agreed, and the judicial authority approved, the conditional suspension of the criminal proceedings for a period of 2 years, when Tequimar shall then prove compliance with the execution of the Partial TAC signed, with the obligation of a complementary allocation of R$ 13,000 to </font><font style="font-family: 'Times New Roman';">TAC and </font><font style="font-family: 'Times New Roman';">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';">On February 4, 2021, the subsidiary paid the remaining balance referring to the TAC, without pending and/or additional financial obligation arising from such commitment assumed. </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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</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';">4,243</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">4,</font><font style="font-family: 'Times New Roman';">428</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, 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';">Between </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';">2020 </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 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';">, 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 </font><font style="font-family: 'Times New Roman';">claims</font><font style="font-family: 'Times New Roman';">.</font></p>
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<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-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></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">Company and its subsidiaries have contingent liabilities for labor matters in the amount of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">939</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">322</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">256</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">269</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">306</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';"> 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';">mainly represented by:</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 (Sindiqu&#237;mica), of which the employees of </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 EMCA, companies located in the Cama&#231;ari 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 subs</font><font style="font-family: 'Times New Roman';">idiaries</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 h</font><font style="font-family: 'Times New Roman';">ave already become final, </font><font style="font-family: 'Times New Roman';">were judged in a favorable way to Oxiteno </font><font style="font-family: 'Times New Roman';">Nordeste 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 Cama&#231;ari Petrochemical Complex signed an agreement with Sindiqu&#237;mica. In October 2015</font><font style="font-family: 'Times New Roman';"> Sindiqu&#237;mica filed enforcement lawsuits against </font><font style="font-family: 'Times New Roman';">Oxiteno </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 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </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';"> 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 omiss</font><font style="font-family: 'Times New Roman';">ions </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';">731</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';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 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';"> 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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">102,777</font><font style="font-family: 'Times New Roman';"> as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (R$</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';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">. The amounts of provisions of Chevron's liability </font><font style="font-family: 'Times New Roman';">recognized in the business combination </font><font style="font-family: 'Times New Roman';">will be reimbursed to subsidiary </font><font style="font-family: 'Times New Roman';">Iconic</font><font style="font-family: 'Times New Roman';"> in the event of losses and an indemnity asset </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> hereby constituted in the same amount</font><font style="font-family: 'Times New Roman';">, without the need to establish a provision for uncollectible amounts</font><font style="font-family: 'Times New Roman';">.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>90</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';"><br></font></p>
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<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&nbsp;</font></p>
<p style="margin: 0pt 0px; 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-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 style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">d. Exclusion of ICMS from the calculation basis of PIS and COFINS</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> (contingent assets)</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In March</font><font style="font-family: 'Times New Roman';"> 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, as long as applicable. </font><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> subsidiaries Oxiteno S.A., 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';"> and Tropical</font><font style="font-family: 'Times New Roman';"> have final and</font><font style="font-family: 'Times New Roman';"> unappealable decision, and </font><font style="font-family: 'Times New Roman';">management confirmed </font><font style="font-family: 'Times New Roman';">the respective subsidies to prove the amounts to be refunded </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 COFIN</font><font style="font-family: 'Times New Roman';">S calculation base in the amount of R$ </font><font style="font-family: 'Times New Roman';">98</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">698</font><font style="font-family: 'Times New Roman';"> until </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (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';"> as of December 31, 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';">There was a reduction in the amounts excluded based on injunctions, since the subsidiary Iconic was </font><font style="font-family: 'Times New Roman';">final and unappealable in the first quarter of 2021.</font><font style="font-family: 'Times New Roman';"> </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 </font><font style="font-family: 'Times New Roman';">both </font><font style="font-family: 'Times New Roman';">the final and unappealable decision of the individual action and confirmation of the evidence</font><font style="font-family: 'Times New Roman';">s.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> </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 </font><font style="font-family: 'Times New Roman';">excluded. After the decision of the STF has become final and unappealable, the Company's management will assess the impact on the </font><font style="font-family: 'Times New Roman';">claims</font><font style="font-family: 'Times New Roman';"> of its subsidiaries, which may result in a reduction in the claimed tax credits.<br><br></font></p>
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<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>
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<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>
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<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;">03/31/2021</font></p>
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<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>
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<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>
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<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 74%; 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<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</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'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; background-color: #cceeff;">
<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>
</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;">Loyalty program &#8220;Km de Vantagens&#8221; (b)</font></p>
</td>
<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;">13,943</font></p>
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<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;">15,424</font></p>
</td>
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<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-size: 10pt;"><font style="font-family: 'Times New Roman';">Loyalty </font><font style="font-family: 'Times New Roman';">program &#8220;Clube Extrafarma&#8221; (b)</font></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;">2,059</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-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;">2,044</font></p>
</td>
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<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 current</font></p>
</td>
<td style="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;">16,320</font></p>
</td>
<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-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;">18,282</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 Ipiranga service stations</font><font style="font-family: 'Times New Roman';"> and, on </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, had</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';">&nbsp;stores </font><font style="font-family: 'Times New Roman';">inaugurated </font><font style="font-family: 'Times New Roman';">with </font><font style="font-family: 'Times New Roman';">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';">58</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';"> inaugurated</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">). Jet Oil is Ipiranga&#8217;s lubricant-changing and automotive service specialized network</font><font style="font-family: 'Times New Roman';"> and, on </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> had </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';"> stores</font><font style="font-family: 'Times New Roman';"> inaugurated</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';">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';">45</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';">inaugurated </font><font style="font-family: 'Times New Roman';">as of December 31, 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';">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';">participates in</font><font style="font-family: 'Times New Roman';"> a loyalty program called Km de Vantagens</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; text-decoration: underline;">(www.kmdevantagens.com.br</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">under which registered customers are rewarded with points when they buy products at Ipiranga service stations or at its partners. The customers may exchange these points, during the period of one year, for discounts on products and services offered by Ipiranga and its partners. Points received by Ipiranga&#8217;s customers that may be used with the partner Multiplus</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Fidelidade and for discounts of fuel in Ipiranga&#8217;s website (</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">www.postoipiranganaweb.com.br</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">recognized as a reduction</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of revenue from sales and services</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>91</font></font></td>
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<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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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: 11pt;"><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-family: 'Times New Roman'; font-size: 10pt;"><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';">Subsidiary<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';">Extrafarma<font>&nbsp;</font>has a loyalty program called<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';">Clube<font>&nbsp;</font>Extrafarma</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>(</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: underline; font-family: 'Times New Roman';">www.club</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: underline; font-family: 'Times New Roman';">e</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: underline; font-family: 'Times New Roman';">extra</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: underline; font-family: 'Times New Roman';">farma</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: underline; font-family: 'Times New Roman';">.com.br</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';"><font>&nbsp;</font>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>&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';">six months</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';">, for</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></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';">discounts in products at its drugstore chain</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';"><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';">recharge credit on a mobile phone, and</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></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';">prizes</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>offered by partners</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></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';">Multiplus</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></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';">Fidelidade</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></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';">and</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></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';">Ipiranga,<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';">through</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>Km de<font>&nbsp;</font>Vantagens</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></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';">Points received by<font>&nbsp;</font>Extrafarma&#8217;s<font>&nbsp;</font>customers 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: 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';">recognized as a reduction</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>of</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></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';">revenue from sales and services</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><br></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-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';">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 t</font><font style="font-family: 'Times New Roman';">he points granted, considering the value of the </font><font style="font-family: 'Times New Roman';">prizes</font><font style="font-family: 'Times New Roman';"> and the expected redemption of </font><font style="font-family: 'Times New Roman';">these </font><font style="font-family: 'Times New Roman';">points.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For more information on deferred revenue from loyalty program, see Note 2.a.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';">24.</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subscription </font><font style="font-size: 10pt; font-family: 'Times New Roman';">w</font><font style="font-size: 10pt; font-family: 'Times New Roman';">arrants &#8211; </font><font style="font-size: 10pt; font-family: 'Times New Roman';">i</font><font style="font-size: 10pt; font-family: 'Times New Roman';">ndemnification</font></font></p>
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<p style="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 </font><font style="font-family: 'Times New Roman';">association between the Company and Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n January 31, 2014, 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 Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014. The subscription warrants &#8211; indemnification&#8217;s fair value is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is possible only from 2020, and they are not entitled to dividends </font><font style="font-family: 'Times New Roman';">while they are not converted into shares</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 February 19</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';">August 12</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">February 24, 2021 </font><font style="font-family: 'Times New Roman';">the Company&#8217;s Board of Directors confirmed</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 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';">,</font><font style="font-family: 'Times New Roman';"> 86,978</font><font style="font-family: 'Times New Roman';"> and 70,939</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">common shares</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">within the authorized capital limit provided by the </font><font style="font-family: 'Times New Roman';">art. 6 of the Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in Janua</font><font style="font-family: 'Times New Roman';">ry 31, 2014.</font></font></p>
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<p style="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 Extrafarma 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 ca</font><font style="font-family: 'Times New Roman';">nceled 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';">,</font><font style="font-family: 'Times New Roman';">567</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">069</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 </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 31, 202</font><font style="font-family: 'Times New Roman';">1</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';">567</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">069</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';">75</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">658</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<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';">25. </font><font style="font-family: 'Times New Roman';">Equity</font></font></p>
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<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>
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<p style="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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">115</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">076</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">651</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';">,</font><font style="font-family: 'Times New Roman';">115</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">005</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">712</font><font style="font-family: 'Times New Roman';"> as of December 31, 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';"> 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 </font><font style="font-family: 'Times New Roman';">outstanding</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 </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, on B3 was R$ </font><font style="font-family: 'Times New Roman';">21.21</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">23.74</font><font style="font-family: 'Times New Roman';"> as of December 31, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).</font></font></p>
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<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-size: 10pt;">On February 19, 2020, August 12, 2020 and February 24, 2021, the Board of Directors confirmed the issuance of 2,108,542, 86,978 and 70,939 common shares, respectively, with the same rights attributed to the other shares of the Company already issued, due to the partial exercise of the rights conferred by the subscription warrants &#8211; indemnification into shares by the Company in the merger of Extrafarma shares. For more information on the changes in share capital, see note 24.</font></font></p>
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<p style="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';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> there were </font><font style="font-family: 'Times New Roman';">49</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">955</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">494</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">common shares outstanding abroad in </font><font style="font-family: 'Times New Roman';">the form of ADRs</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">47</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">413</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">094</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';">, 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>
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<p style="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: 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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">On April 10, 2019</font><font style="font-family: 'Times New Roman';"> the Company&#8217;s extraordinary and annual general meeting approved the stock split of common shares issued by Ultrapar, at a ratio of one currently existing share </font><font style="font-family: 'Times New Roman';">to two shares of the same class and type as well as</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the changing of the number of shares in which the capital stock of the Company is divided. The stock split approved herein shall not imply in any change in the Ultrapar&#8217;s capital stock</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he new shares and</font><font style="font-family: 'Times New Roman';"> 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>
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<p style="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 ca</font><font style="font-family: 'Times New Roman';">pital 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';">March</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';">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';">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';">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';"> </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>
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<p style="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 D</font><font style="font-family: 'Times New Roman';">eferred 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>
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<p style="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 associa</font><font style="font-family: 'Times New Roman';">tion</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> 2014</font><font style="font-family: 'Times New Roman';"> the Company recognized an increase in the capital reserves in the amount of R$ 498,812, due to the difference between the value attributable to share capital and the market value of the Ultrapar shares on the date of issue</font><font style="font-family: 'Times New Roman';">, deducted </font><font style="font-family: 'Times New Roman';">by </font><font style="font-family: 'Times New Roman';">R$ 2,260 related to the</font><font style="font-family: 'Times New Roman';"> incurred costs directly attributable to issuing new shares</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> Additionally, on February 19</font><font style="font-family: 'Times New Roman';">, 2020,</font><font style="font-family: 'Times New Roman';"> August 12</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';"> and February 24, 2021,</font><font style="font-family: 'Times New Roman';"> 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';">,</font><font style="font-family: 'Times New Roman';"> R$ 1,691</font><font style="font-family: 'Times New Roman';"> and R$ 1,371</font><font style="font-family: 'Times New Roman';">, 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>
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<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-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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;">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 </font><font style="font-family: 'Times New Roman';">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 5</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';">b</font><font style="font-family: 'Times New Roman';">) 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 5</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% of </font><font style="font-family: 'Times New Roman';">the annual </font><font style="font-family: 'Times New Roman';">net income</font><font style="font-family: 'Times New Roman';">, after deducting the legal reserve,</font><font style="font-family: 'Times New Roman';"> 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$ </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';">658</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">265</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';">March</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';">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';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">658</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">265</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';">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: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="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;">Other comprehensive income</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>
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<td style="height: 10px; width: 4%; 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';">(i)</font><font style="color: #000000; font: 13.3333px 'Times New Roman'; 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;">&nbsp;</font></td>
<td style="height: 10px; width: 96%; 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';">Gains and losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recognized in equity as &#8220;valuation adjustments&#8221;. Gains and losses are reclassified to initial cost<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 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>&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<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<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';">profit or loss at 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; 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';">moment</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>of<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';">paid off</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>of the hedge instrument</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>
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<td style="height: 10px; 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';">(ii)</font><font style="color: #000000; font: 13.3333px 'Times New Roman'; 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;">&nbsp;</font></td>
<td style="height: 10px; 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 differences between the fair value of financial investments measured at fair value through other comprehensive income and the initial</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>amount of financial investments plus the earned<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';">income<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 the foreign currency exchange variation are recognized in equity as valuation adjustments. Gains and losses are reclassified to statements of profit or loss when 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';">paid off</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>
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<td style="height: 17px; 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';">(iii)</font><font style="color: #000000; font: 13.3333px 'Times New Roman'; 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;">&nbsp;&nbsp;&nbsp;</font></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt;">Actuarial gains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity under the title &#8220;valuation adjustments&#8221;. Actuarial gains and losses recorded in equity are not reclassified to profit or loss in subsequent periods.</font></td>
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<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; 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';">(iv)</font><font style="color: #000000; font: 13.3333px 'Times New Roman'; 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;">&nbsp;&nbsp;&nbsp;</font></td>
<td style="height: 17px; 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 th</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';">at 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>
<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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Balance and changes in valuation adjustments of the </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Company</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> are as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 135px; width: 100%;" width="100%">

<tr style="height: 56px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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 (i)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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 (ii)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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 (iii)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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 (iv)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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: 121.55pt; 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;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 59.2pt; 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'; font-size: 10pt;">(609,277)</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;">269</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: 59.2pt; 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'; font-size: 10pt;">(53,351)</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: 62.05pt; 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; 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: 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;">(464,990)</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; 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: 59.2pt; 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;">(182,652)</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;">132</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: 59.2pt; 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: 62.05pt; 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; 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;">(182,520)</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; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">IRPJ and CSLL on </font><font style="font-family: 'Times New Roman';">fair value</font></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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,594</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; 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: 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: 59.2pt; 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'; 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: 62.05pt; 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: 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; 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;">62,594</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 121.55pt; 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;">Balance as of March 31, 2021</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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(729,335)</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: 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">401</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: 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: 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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; 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'; font-size: 10pt;">197,369</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: 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(584,916)</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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 135px; width: 100%;" width="100%">

<tr style="height: 56px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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 (i)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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 (ii)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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;">Actuarial gains (los</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ses) of post-employment benefits (iii)</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 62.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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 (iv)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 56px;">
<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: 56px;">
<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: 121.55pt; 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;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 59.2pt; 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'; font-size: 10pt;">(296,132)</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;">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; font-size: 9pt;"><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; background-color: #cceeff;">
<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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.05pt; 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; 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: 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;">(146,317)</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; 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: 59.2pt; 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;">(634,188)</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;">183</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: 59.2pt; 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: 62.05pt; 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;">(634,005)</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; 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: 59.2pt; 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'; font-size: 10pt;">216,474</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; 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;">&#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: 59.2pt; 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'; 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: 62.05pt; 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;">&#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; 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;">216,474</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 121.55pt; 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;">Balance as of March 31, 2020</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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(713,846)</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: 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">388</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: 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: 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: 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: 62.05pt; 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'; font-size: 10pt;">197,369</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: 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: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(563,848)</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 </font><font style="font-family: 'Times New Roman';">management</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</font><font style="font-family: 'Times New Roman';">, net of income</font><font style="font-family: 'Times New Roman';"> taxes</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.3</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> is directly recognized in the equity. This </font><font style="font-family: 'Times New Roman';">cumulat</font><font style="font-family: 'Times New Roman';">ive</font><font style="font-family: 'Times New Roman';"> 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; height: 89px; 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: 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;">03/31/2021</font></p>
</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="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;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 74%;">
<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; height: 17px; background-color: #cceeff; width: 12%;">
<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; 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: 12%;">
<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>
<tr style="height: 17px;">
<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;">Currency translation adjustment of foreign subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,236</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">195,107</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;">
<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';">Effect of foreign currency exchange rate variation on financial </font><font style="font-family: 'Times New Roman';">instruments</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,557)</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="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;">(110,960)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<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;">IRPJ and CSLL on foreign currency exchange rate variation on financial instruments</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'; font-size: 10pt;">16,169</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-family: 'Times New Roman'; font-size: 10pt;">37,727</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<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;">Final balance</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;">319,444</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;">224,301</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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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-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 style="font-family: 'Times New Roman';">The shareholders </font><font style="font-family: 'Times New Roman';">of the Company is</font><font style="font-family: 'Times New Roman';"> entitled under the Bylaws to a minimum annual dividend of 50% of adjusted net income</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">after allocation of 5% to the legal reserve, </font><font style="font-family: 'Times New Roman';">calculated in accordance with Brazilian Corporate Law. The dividends and interest on equity in excess of the obligation esta</font><font style="font-family: 'Times New Roman';">blished in the Bylaws are recognized in equity until the Shareholders</font><font style="font-family: 'Times New Roman';"> approve them</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The proposed </font><font style="font-family: 'Times New Roman';">dividends payable that refers of the exercise of 2020, the amount of which on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 2020 </font><font style="font-family: 'Times New Roman';">totaled</font><font style="font-family: 'Times New Roman';"> 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 </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> paid </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">March 12, 2021</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;">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: 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: 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; 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-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; 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; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 74%;">
<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; height: 17px; background-color: #cceeff; width: 12%;">
<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: 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: 12%;">
<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>
<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;">55,391</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,997</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;">(477,353)</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: 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;">(477,440)</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 March 31, 2021</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;">17,132</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;">22,690</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-weight: bold;"><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></p>
<p style="margin-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="padding-right: 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</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: 74%;">
<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; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,128,105</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; 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; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,770,778</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;">249,128</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;">228,042</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;">(1,041,589)</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;">(1,058,984)</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;">(339,108)</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;">(472,125)</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;">(48,214)</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;">(82,860)</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-size: 10pt;"><font style="font-family: 'Times New Roman';">Deferred revenue (see </font><font style="font-family: 'Times New Roman';">Note 23)</font></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;">1,962</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;">2,287</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; 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;">23,950,284</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; 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;">21,387,138</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'>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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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-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-weight: bold;"><font style="font-family: 'Times New Roman';">27. </font><font style="font-family: 'Times New Roman';">Costs and 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>
<p style="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 costs and 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: 276px; 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-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; 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: 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: 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-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: 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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 !important; 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;">03/31/2020</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; border-top: 0.75pt solid #000000 !important; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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 !important; 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;">03/31/2020</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; 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: 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;">21,891,536</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;">19,737,611</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;">Personnel expenses</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;">39,117</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: 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;">33,526</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;">600,891</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;">526,661</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; 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: 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;">278,542</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;">268,518</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;">Depreciation and amortization</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;">1,453</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;">293</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;">245,372</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;">225,860</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; 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-of-use assets</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;">1,503</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;">512</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;">87,329</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;">77,867</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;">Advertising 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; 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;">-</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;">27,183</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;">45,261</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; 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: 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;">23,382</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;">4,425</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;">121,105</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;">58,891</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;">Other expenses</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;">7,508</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;">3,964</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;">105,683</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;">61,034</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; 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';">Allocation of </font><font style="font-family: 'Times New Roman';">SSC/Holding expenses</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;">(72,963)</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;">(42,720)</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;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 193.85pt; 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</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;">
<p style="margin-top: 0pt; 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; 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="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; 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;">23,357,641</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; 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;">21,001,703</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; 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: 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;">&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: 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;">&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: 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;">&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: 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;">&nbsp;</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;">Cost of products and services sold</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;">-</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;">22,234,378</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;">19,977,191</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; 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: 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;">654,573</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;">614,631</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;">General and administrative</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; 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; 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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">468,690</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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">409,881</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 193.85pt; 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;">-</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;">23,357,641</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;">21,001,703</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-weight: bold;"><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';">(Consolidated)</font></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';">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';">For the three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">076</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> of R$ </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">938</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the </font><font style="font-family: 'Times New Roman';">three-month period ended March 31, 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">), represented primarily from</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">sale o</font><font style="font-family: 'Times New Roman';">f PP&amp;E.</font></font></p>
</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'>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 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">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: 251px; 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; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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;">Other operating income, net:</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;">&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: 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; 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: 271.8pt; 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';">Commercial partnerships </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></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;">4,866</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: 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;">2,560</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">Merchandising </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2)</font></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,844</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,733</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 271.8pt; 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';">Extraordinary tax credits </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(3)</font></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;">-</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: 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;">114,402</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">Property rental </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(4)</font></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,262</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,094</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 271.8pt; 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';">Revenue from miscellaneous services (administrative, commercial and IT </font><font style="font-family: 'Times New Roman';">services)</font></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;">23,265</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: 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;">22,877</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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;">Contractual fine and gas voucher</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;">9,365</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,135</font></p>
</td>
</tr>
<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-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="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;">-</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;">772</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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="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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,602</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">159,573</font></p>
</td>
</tr>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating expenses, net:</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 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: 64.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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: 10px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">Property rental </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(4)</font></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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,061)</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,092)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 271.8pt; 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';">Taxes on other operating income </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(5)</font></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;">(6,130)</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: 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;">(10,024)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">Fines por </font><font style="font-family: 'Times New Roman';">tax infractions</font></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;">-</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: 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;">(973)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 271.8pt; 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';">Provision for decarbonization obligation </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(6)</font></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;">(32,640)</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: 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;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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="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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,196)</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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(545)</font></p>
</td>
</tr>
<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; 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;">(65,027)</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;">(35,634)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; 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;">Other operating income, net</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,425)</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; 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;">123,939</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: 187px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top; width: 4%;" 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: -9.46667px; text-transform: none; white-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)&nbsp;</font></td>
<td style="height: 17px; padding: 0px; vertical-align: top; width: 96%;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers to contracts with service providers and suppliers, which establish trade agreements for convenience stores and gas stations.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" 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: -9.46667px; text-transform: none; white-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)&nbsp;</font></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers to contracts with suppliers of convenience stores, which establish, among other agreements, promotional campaigns.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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: -9.46667px; text-transform: none; white-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-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">3</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: -9.46667px; text-transform: none; white-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-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-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></font></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers substantially to Oxiteno S.A.,&nbsp;Ipiranga and Ultracargo PIS and COFINS credits (see Note 7.a.2).</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(4)</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: -9.46667px; text-transform: none; white-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></font><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers to Ipiranga's income and expenses&nbsp;with property rentals and sublease, especially for establishment of&nbsp;own gas stations, linked to contractual requirements for the preservation of the brand.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" 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: -9.46667px; text-transform: none; white-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)&nbsp;</font></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers substantially to ICMS, ISS, PIS and COFINS.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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: -9.46667px; text-transform: none; white-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-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">6</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: -9.46667px; text-transform: none; white-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-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -9.46667px; text-transform: none; white-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></font></td>
<td style="height: 17px; padding: 0px; vertical-align: top;" valign="top"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers to the obligation adopted by the Brazilian National Biofuels Policy &#8211; &#8220;RenovaBio&#8221; (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></td>
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<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>99</font></font></td>
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<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: 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-family: 'Times New Roman'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';">30. </font><font style="font-size: 10pt; font-family: 'Times New Roman';">Financ</font><font style="font-size: 10pt; font-family: 'Times New Roman';">e</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';">i</font><font style="font-size: 10pt; font-family: 'Times New Roman';">ncome (Expense)</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: 279px; width: 100%;" width="100%">

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<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-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>
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<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-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; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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 !important; 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;">03/31/2020</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; border-top: 0.75pt solid #000000 !important; 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;">03/31/2021</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; 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 !important; 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;">03/31/2020</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finance income:</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;">&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: 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;">&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: 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;">&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: 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;">&nbsp;</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-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="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;">8,992</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;">9,938</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;">24,904</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;">43,062</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; 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="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;">&#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: 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;">28,058</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;">29,140</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 193.85pt; 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;">Changes in subscription warrants &#8211; indemnification (see Note 24)</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;">9,364</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;">24,176</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;">9,364</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;">24,176</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; 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';">Selic interest on </font><font style="font-family: 'Times New Roman';">extraordinary PIS/COFINS credits (see Note 7.a.2)</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;">&#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: 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;">77,760</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other finance income</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43</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; 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;">20</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; 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;">1,107</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; 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;">7,913</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; 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="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;">18,399</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;">34,134</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;">63,433</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;">182,051</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;">Finance expenses:</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; 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; 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; 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: 193.85pt; 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 loans</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;">(14,008)</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-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: 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-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: 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;">(144,192)</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-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: 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;">(100,608)</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Interest on </font><font style="font-family: 'Times New Roman';">debentures</font></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;">(9,144)</font></p>
</td>
<td style="width: 1pt; 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="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;">(18,945)</font></p>
</td>
<td style="width: 1pt; 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="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;">(24,863)</font></p>
</td>
<td style="width: 1pt; 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="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;">(88,966)</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; 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 leases payable</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;">(825)</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-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: 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;">(1,733)</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-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: 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;">(37,264)</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-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: 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;">(33,983)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 193.85pt; 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;">Bank charges, financial transactions tax, and other charges</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;">(465)</font></p>
</td>
<td style="width: 1pt; 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="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;">(375)</font></p>
</td>
<td style="width: 1pt; 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="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;">(21,441)</font></p>
</td>
<td style="width: 1pt; 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="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;">(27,584)</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; 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';">Exchange variation, net of gains and losses </font><font style="font-family: 'Times New Roman';">with derivative financial instruments</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-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: 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-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: 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;">(161,286)</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-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: 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;">(97,076)</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-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 and other expenses</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; 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-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: 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; 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-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: 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,068)</font></p>
</td>
<td style="width: 1pt; 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="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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,464)</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; 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="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;">(24,442)</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-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: 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;">(21,053)</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-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: 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;">(397,114)</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-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: 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;">(349,681)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 193.85pt; 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;">Finance income (expense)</font></p>
</td>
<td style="width: 45.6pt; 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;">(6,043)</font></p>
</td>
<td style="width: 1pt; 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="width: 45.6pt; 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;">13,081</font></p>
</td>
<td style="width: 1pt; 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="width: 45.6pt; 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;">(333,681)</font></p>
</td>
<td style="width: 1pt; 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="width: 45.6pt; 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;">(167,630)</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'>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>
<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'; font-size: 10pt;"><br></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-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin-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 </font><font style="font-family: 'Times New Roman';">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: 300px; 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: 10pt;">&nbsp;</font></p>
</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;">03/31/2021</font></p>
</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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</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: 74%; 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; width: 12%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-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: 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: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin-top: 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;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,859</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';">Weighted </font><font style="font-family: 'Times New Roman';">average shares outstanding (in thousands)</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;">1,088,112</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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;">1,086,810</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;">0.1215</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1480</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;">132,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,859</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;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Weighted average shares outstanding (in </font><font style="font-family: 'Times New Roman';">thousands), including dilution effects</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,904</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="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;">1,093,177</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;">0.1208</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;">0.1471</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;">1,088,112</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,086,810</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;">3,567</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;">3,567</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;">2,225</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;">2,800</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; 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;">1,093,904</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;">1,093,177</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 issue of </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';">266</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">459</font><font style="font-family: 'Times New Roman';"> common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in note </font><font style="font-family: 'Times New Roman';">24</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </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';">six</font><font style="font-family: 'Times New Roman';"> </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';"> </font><font style="font-family: 'Times New Roman';">drugstores</font><font style="font-family: 'Times New Roman';"> and digital payments</font><font style="font-family: 'Times New Roman';">. The gas distribution segment (Ultragaz) distributes LPG to residential, </font><font style="font-family: 'Times New Roman';">commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for ve</font><font style="font-family: 'Times New Roman';">hicles</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and lubricants and related activities throughout all the Brazilian territory. The chemicals segment (Oxiteno) produces ethylene oxide and its main derivatives and fatty alcohols, which are raw materials </font><font style="font-family: 'Times New Roman';">used in </font><font style="font-family: 'Times New Roman';">the home and personal care, agrochemi</font><font style="font-family: 'Times New Roman';">cal, paints, varnishes, and other industries. The storage segment (Ultracargo) operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he </font><font style="font-family: 'Times New Roman';">drugstores segment</font><font style="font-family: 'Times New Roman';"> (Extrafarma) trade</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> pharmaceutical, hygiene</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> beauty products through </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">own </font><font style="font-family: 'Times New Roman';">drugstore chain in the </font><font style="font-family: 'Times New Roman';">North, Northeast and Southeast </font><font style="font-family: 'Times New Roman';">regions </font><font style="font-family: 'Times New Roman';">of the country</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The digital payments segment (Abastece a&#237;) offers digital payments and electronic retail</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">segment</font><font style="font-family: 'Times New Roman';">, combining the &#8220;abastece a&#237;</font><font style="font-family: 'Times New Roman';">&#8221; app and the loyalty program</font><font style="font-family: 'Times New Roman';"> &#8220;Km de Vantagens&#8221;</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 similar to those that would be charged to third parties.<br><br></font></font></p>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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'; font-weight: bold; font-style: italic;">a. Financial information rela</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ted to segments</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 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>
<table cellspacing="0" cellpadding="0" style="height: 448px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><br></p>
</td>
<td colspan="21" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2021</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Income</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece&nbsp;<br>a&#237;</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Segmen</font><font style="font-family: 'Times New Roman'; font-weight: bold;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold;">s</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">O</font><font style="font-family: 'Times New Roman'; font-weight: bold;">thers</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1) (2)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; 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: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 50%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">19,844,959</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">2,037,795</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">1,436,421</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">172,038</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">489,764</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">14,165</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">23,995,142</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">9,700</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(54,558)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">23,950,284</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transactions with third parties</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,844,927</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,036,802</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,430,764</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">127,064</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">489,764</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,165</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,943,486</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,798</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,950,284</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment transactions</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">993</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,657</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,974</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,656</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,902</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(54,558)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,947,757)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,811,907)</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,104,902)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68,764)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(345,928)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,279,258)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,880</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,234,378)</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Gross profit</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">897,202</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">225,888</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">331,519</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">103,274</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">143,836</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">14,165</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">1,715,884</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">9,700</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(9,678)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">1,715,906</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income (expenses)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(304,975)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(92,942)</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(100,475)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,061)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(141,818)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,752)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(653,023)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,550)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(654,573)</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Expected losses on doubtful </font><font style="font-family: 'Times New Roman';">accounts</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(473)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,256)</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(236)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,940)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,940)</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(181,704)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(50,473)</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(122,798)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31,688)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,658)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(20,367)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(432,688)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(45,680)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,678</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(468,690)</font></p>
</td>
</tr>
<tr style="height: 37px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Gain (loss) on disposal of property, plant and equipment and </font><font style="font-family: 'Times New Roman';">intangibles</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,769</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,626</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">277</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(648)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,074</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,076</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,780)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,591</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,515</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(843)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,491)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,719</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,289)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(136)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,425)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Operating income before finance income (expenses) and share of profit (loss) of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">subsidiaries, joint ventures and associates</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">369,039</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">87,434</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">109,802</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">68,747</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(25,769)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(14,235)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">622,018</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(37,664)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">584,354</font></p>
</td>
</tr>
<tr style="height: 37px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,504)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10)</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(85)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">476</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,123)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,099)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,222)</font></p>
</td>
</tr>
<tr style="height: 37px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">389,535</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">87,424</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">109,717</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">69,223</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(25,769)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(14,235)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">615,895</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">(43,763)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">572,132</font></p>
</td>
</tr>
<tr style="height: 37px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">79,222</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,182</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68,643</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,171</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,613</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,111</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">239,942</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,430</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 37px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">245,372</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47,802</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">412</font></p>
</td>
<td colspan="3" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,214</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,214</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,408</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,212</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,267</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,139</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,702</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">85,779</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,550</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,329</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Total of depreciation and amortization</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">173,432</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">62,806</font></p>
</td>
<td colspan="3" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">73,910</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">23,310</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">37,315</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">3,162</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">373,935</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">6,980</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">380,915</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>
</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'>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>
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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="height: 360px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; 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="19" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Income</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece<br>a&#237;</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Segments</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Others </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1)(2)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 50%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">17</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">899</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">585</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><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'; font-weight: bold;">761</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">500</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><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'; font-weight: bold;">107</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">862</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">163</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">321</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">493</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">348</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">21</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">425</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">616</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">726</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(51</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">204)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">21</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">387</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">138</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transactions with third parties</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">899</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">502</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; 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';">760</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">527</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; 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';">101</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">361</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">130</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">978</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">493</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">348</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">385</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">716</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; 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';">422</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">387</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">138</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment transactions</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">973</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">501</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">32</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">343</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">39</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">900</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">11</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">304</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(51</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">204)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; 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: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(17</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">204</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">590)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; 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';">522</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">945)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(876</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">891)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(62</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">534)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(348</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">500)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">015</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">460)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">38</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">269</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(19</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">977</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">191)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Gross profit</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">694</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">995</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">238</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">555</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">230</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">971</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">100</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">787</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">144</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">848</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><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'; font-weight: bold;">410</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">156</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">726</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(12</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">935)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><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'; font-weight: bold;">409</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">947</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income (expenses)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; 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: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(280</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">635)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(97</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">978)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(84</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">456)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; 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';">722)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(149</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">231)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(614</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">022)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(609)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(614</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">631)</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Expected losses on doubtful </font><font style="font-family: 'Times New Roman';">accounts</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(21</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">491)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">586)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(164)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(30</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">275)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(30</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">275)</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(171</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">167)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(47</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">514)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(109</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">741)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(30</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">804)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(25</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">028)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(384</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">254)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(38,562</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">935</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(409</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">881)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Gain (loss) on disposal of property, plant and equipment and </font><font style="font-family: 'Times New Roman';">intangibles</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">511</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">861</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(156)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(234)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">938</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">938</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">44</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">567</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</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: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">71</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">939</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">906</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(325)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">123</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">982</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43)</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">123</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">939</font></font></p>
</td>
</tr>
<tr style="height: 36px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Operating income before finance income (expenses) and share of profit (loss) of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">subsidiaries, joint ventures and associates</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">272</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">780</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">90</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">233</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">108</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">501</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">70</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">955</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(29</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">944)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">512</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">525</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">(26,488)</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">486</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">037</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">646</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">074)</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(12</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">428)</font></font></p>
</td>
</tr>
<tr style="height: 36px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income before finance income (expenses) and income and social contribution taxes</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">273</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">156</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">90</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">238</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">108</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">701</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">71</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">020</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(29</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">944)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">513</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">171</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(39,562</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 36px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">473</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">609</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">77</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">253</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">46</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">964</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">61</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">393</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">146</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">782</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">221</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">538</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">322</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">225</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">860</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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 colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">509</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">351</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">860</font></font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">82</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">860</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right-of-use assets</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">42</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">625</font></font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">415</font></font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">839</font></font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">359</font></font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">18</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">021</font></font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">77</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">259</font></font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">608</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">77</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">867</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">depreciation and amortization</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">387</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">56</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">730</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">64</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">232</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">19</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">505</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">38</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">803</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">381</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">657</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><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-weight: bold;">930</font></font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">-</font></p>
</td>
<td colspan="2" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">386</font><font style="font-family: 'Times New Roman'; font-weight: bold;">,</font><font style="font-family: 'Times New Roman'; font-weight: bold;">587</font></font></p>
</td>
</tr>

</table>
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<div>
<table style="width: 100%; font-family: 'times new 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>
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<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>
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<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 102px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 34px;">
<td style="vertical-align: top; height: 34px; width: 4%;" 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: -9.46667px; text-transform: none; white-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="vertical-align: top; height: 34px; width: 96%;" 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: -9.46667px; text-transform: none; white-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';">Includes in the line &#8220;General and administrative&#8221; the amount of R$ 34,110 in 2021 (R$ 25,651 in 2020) of expenses related to<font>&nbsp;</font>Ultrapar's<font>&nbsp;</font>holding structure, including the Presidency,<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: -9.46667px; text-transform: none; white-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';">Financial Board</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: -9.46667px; text-transform: none; white-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: -9.46667px; text-transform: none; white-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';">Legal Board</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: -9.46667px; text-transform: none; white-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: -9.46667px; text-transform: none; white-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';">Board of Directors<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: -9.46667px; text-transform: none; white-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</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: -9.46667px; text-transform: none; white-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: -9.46667px; text-transform: none; white-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';">Fiscal Council</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: -9.46667px; text-transform: none; white-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';">, Risk, Compliance and Audit<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: -9.46667px; text-transform: none; white-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';">Board</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: -9.46667px; text-transform: none; white-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>and Sustainability<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: -9.46667px; text-transform: none; white-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';">Board</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: -9.46667px; text-transform: none; white-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>
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<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;" valign="top"><br></td>
<td style="vertical-align: top; height: 17px;" valign="top"><br></td>
</tr>
<tr style="height: 51px;">
<td style="vertical-align: top; height: 51px;" 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: -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>&nbsp;</font></font></td>
<td style="vertical-align: top; height: 51px;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The &#8220;Others&#8221; column consists of financial income and expenses, income tax and social contribution of the segments, the parent company<font>&nbsp;</font>Ultrapar<font>&nbsp;</font>and the subsidiaries<font>&nbsp;</font>Serma,<font>&nbsp;</font>Imaven<font>&nbsp;</font>Im&#243;veis<font>&nbsp;</font>Ltda.,<font>&nbsp;</font>Ultrapar<font>&nbsp;</font>International SA, UVC<font>&nbsp;</font>Investimentos<font>&nbsp;</font>Ltda,<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';">UVC -<font>&nbsp;</font>Fundo<font>&nbsp;</font>de<font>&nbsp;</font>investimento<font>&nbsp;</font>em<font>&nbsp;</font>participa&#231;&#245;es<font>&nbsp;</font>multiestrat&#233;gia<font>&nbsp;</font>investimento<font>&nbsp;</font>no exterior</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>and 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: -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';">of</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>joint ventures of<font>&nbsp;</font>ConectCar<font>&nbsp;</font>and RPR.</font></td>
</tr>

</table>
<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; text-indent: -14.2pt;">&nbsp;</font><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 100px;" width="100%">

<tr style="height: 15px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 15px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2021</font></font></p>
</td>
</tr>
<tr style="height: 28px;">
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 28px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Cash flow</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece a&#237;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal Segments</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">O</font><font style="font-family: 'Times New Roman'; font-weight: bold;">thers</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(3)</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina&#231;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding: 0px 4px; vertical-align: bottom; height: 28px;" valign="bottom">
<p style="margin-top: 2pt; 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: 19px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 30%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">43</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">346</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">75</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">969</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">841</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">90</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">128</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">014</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">247</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">339</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">247</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">775</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">324</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">071</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">543</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; 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';">094</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">322</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; 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';">577</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">931</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">931</font></font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Payments of </font><font style="font-family: 'Times New Roman';">contractual assets with </font><font style="font-family: 'Times New Roman';">customers &#8211; exclusive rights</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">881</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">881</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">881</font></font></p>
</td>
</tr>

</table>
<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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 77px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Cash flow</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece a&#237;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal Segments</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; font-size: 8pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">O</font><font style="font-family: 'Times New Roman'; font-weight: bold;">thers</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(3)</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 19px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 30%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Acquisition of property, </font><font style="font-family: 'Times New Roman';">plant, and equipment</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">57</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">297</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">51</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">122</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">43</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">181</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">19</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">187</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">962</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">174</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">749</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">629</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 19px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">177</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">378</font></font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">14</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">438</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">294</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">084</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">683</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">29</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">499</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">13</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">692</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 19px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">43</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">191</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Payments of </font><font style="font-family: 'Times New Roman';">contractual assets with customers &#8211; exclusive rights</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">141</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">617</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">812</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">145</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">429</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">145</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">429</font></font></p>
</td>
</tr>

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

<tr style="height: 6.8pt;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2021</font></font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece a&#237;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal Segments</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Outros </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(3)</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 1pt; background-color: #cceeff;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 30%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Total assets</font><font style="font-family: 'Times New Roman';"> (exclu</font><font style="font-family: 'Times New Roman';">ding</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">inter</font><font style="font-family: 'Times New Roman';">segment</font><font style="font-family: 'Times New Roman';"> transactions</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">18</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">875</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">308</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">945</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">552</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,211</font><font style="font-family: 'Times New Roman';">,002</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">616</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">063</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">786</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">671</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">96</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">028</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">35</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">530</font><font style="font-family: 'Times New Roman';">,624</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">940</font><font style="font-family: 'Times New Roman';">,570</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">37</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">471</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">194</font></font></p>
</td>
</tr>

</table>
<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>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 39px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/</font><font style="font-family: 'Times New Roman'; font-weight: bold;">31</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ipiranga</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultragaz</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Ultracargo</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Extrafarma</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Abastece a&#237;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subtotal Segmentos</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Outros </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(3)</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Elimina</font><font style="font-family: 'Times New Roman'; font-weight: bold;">tion</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 30%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ativos totais (exclu</font><font style="font-family: 'Times New Roman';">ding</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">inter</font><font style="font-family: 'Times New Roman';">segment</font><font style="font-family: 'Times New Roman';"> transactions</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">18</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">761</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">207</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">927</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">061</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">892</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">850</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">197</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">675</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">845</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">038</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">85</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">787</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">34</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">709</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">618</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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';">540</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">544</font></font></p>
</td>
<td style="padding-right: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; 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: 3.5pt; padding-left: 3.5pt; height: 10px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">36</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">162</font></font></p>
</td>
</tr>

</table>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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"><font class='pageno'>104</font></font></td>
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<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>
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<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
<div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<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: 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;">03/31/2021</font></p>
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<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>
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<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;">03/31/2020</font></p>
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<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';">Income before </font><font style="font-family: 'Times New Roman';">financial result, income and social contribution taxes</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; font-size: 10pt;"><font style="font-family: 'Times New 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';">572,132</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';">473,609</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;">(333,681)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-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;">(167,630)</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; 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';">238,451</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';">305,979</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;">&nbsp;</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; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 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: 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';">Additions to PP&amp;E and intangible assets </font><font style="font-family: 'Times New Roman';">(excluding intersegment account balances):</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="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-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;">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';">80,040</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';">57,416</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-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';">57,899</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';">75,186</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';">34,661</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';">45,574</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';">91,222</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';">20,621</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;">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; font-size: 10pt;"><font style="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';">9,336</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';">11,645</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;">Abastece a&#237;</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';">7,618</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: 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-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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">280,776</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-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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">210,442</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: 8pt;">(1)</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; 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;440</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; 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';">16,321</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="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;">&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="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;">&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'; 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;281,216</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';">226,763</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;">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;">(18)</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;">(37)</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;">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-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="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-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;">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;">(1,495)</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;">(6,157)</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;279,706</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';">220,569</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;">&nbsp;108,107</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';">156,509</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-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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,812</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: 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;108,107</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; 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';">160,321</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 style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px; width: 4%;" 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: -9.46667px; text-transform: none; white-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="vertical-align: top; height: 10px; width: 96%;" 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: -9.46667px; text-transform: none; white-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 &#8220;Others&#8221; column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Serma, Imaven Im&#243;veis Ltda., Ultrapar International S.A., UVC Investimentos Ltda. and UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior.</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>
</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'>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>
<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-family: 'Times New Roman'; font-size: 10pt;"><br></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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin-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: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; 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-size: 10pt;"><font style="font-family: 'Times New Roman';">The fixed and intangible assets of the Company and its subsidiaries are located in</font><font style="font-family: 'Times New Roman';"> Brazil, except those related to Oxiteno&#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: 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; 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</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; 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>
</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-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; background-color: #cceeff; height: 17px; width: 12%;">
<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';">1,253,432</font></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; text-align: right; font-size: 10pt;"><font style="font-family: '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; font-size: 10pt;"><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>
</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';">167,985</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';">163,042</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-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; background-color: #cceeff; 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';">98,921</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; 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; 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';">90,347</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; 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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,520,338</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; 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-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>
</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; height: 225px; 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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</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; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</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: 74%;">
<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; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New 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: 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: 12%;">
<p style="margin-top: 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;">Brazil</font></p>
</td>
<td style="padding-right: 3pt; padding-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';">23,441,450</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';">20,990,486</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;">Mexico</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-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';">64,576</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';">55,041</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;">Uruguay</font></p>
</td>
<td style="padding-right: 3pt; padding-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';">7,600</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';">8,277</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;">Other Latin American countries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-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';">193,976</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';">132,126</font></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;">United States of America and Canada</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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';">162,142</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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: bottom; height: 19px;">
<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';">129,115</font></font></p>
</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-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; height: 19px; 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';">15,996</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; 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';">13,781</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;">Europe</font></p>
</td>
<td style="padding-right: 3pt; padding-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';">44,550</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';">41,446</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;">Other</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';">19,994</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';">16,866</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;">Total</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-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,950,284</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-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';">21,387,138</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;">Sales to the foreign market are made substantially by the Oxiteno.</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>
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<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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-size: 10pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">Notes to the Parent</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&#8217;s Separate</font><font style="font-family: 'Times New Roman'; line-height: inherit;">&nbsp;and Consolidated Interim Financial Information</font></font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; 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: 13.3333px; text-align: justify; line-height: 1;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
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<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';">33. </font><font style="font-family: 'Times New Roman';">Risks and </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 (Consolidated)</font></h1>
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<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-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Risk </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;">anagement and </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;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&#8211;</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;">g</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">overnance</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';">, 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 cha</font><font style="font-family: 'Times New Roman';">racteristics 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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a policy for the managemen</font><font style="font-family: 'Times New Roman';">t of resources, financial instruments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and risks approved by its </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors</font><font style="font-family: 'Times New Roman';"> (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure fin</font><font style="font-family: 'Times New Roman';">ancial resources for the development of the business, including expansions. The main financial risks considered in the Policy are </font><font style="font-family: 'Times New Roman';">market </font><font style="font-family: 'Times New Roman';">risks </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">currencies, interest rates</font><font style="font-family: 'Times New Roman';"> and commodities)</font><font style="font-family: 'Times New Roman';">, liquidity and </font><font style="font-family: 'Times New Roman';">credit. </font><font style="font-family: 'Times New Roman';">The g</font><font style="font-family: 'Times New Roman';">overnance of the management of </font><font style="font-family: 'Times New Roman';">financial risks follows the segregation of duties below:</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The monitoring of compliance of</font><font style="font-family: 'Times New Roman';"> the Policy and possible issues is the responsibility of the Risk and Investment Committee, (&#8220;Committee&#8221;), which is composed of CFO, Treasury Director, Controller and other directors designated by the CFO. The Committee holds quarte</font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">ly meetings and monitor</font><font style="font-family: 'Times New Roman';">s the risk standards established by the Policy through a monitoring map on a monthly basis.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Approval of the Policy and the periodic </font><font style="font-family: 'Times New Roman';">assessment</font><font style="font-family: 'Times New Roman';"> of Company exposure to financial risks are subject to the approval of the C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of Ultra</font><font style="font-family: 'Times New Roman';">par.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Audit and Risks Committee</font><font style="font-family: 'Times New Roman';"> advises the C</font><font style="font-family: 'Times New Roman';">ompany&#8217;s Board of Directors</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';"> the Policy and reports to the </font><font style="font-family: 'Times New Roman';">Audit and Risks Committee</font><font style="font-family: 'Times New Roman';"> the risks exposure and compliance or noncompliance of the Policy.</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br>b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Currency </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;">isk</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Most transactions of the Company</font><font style="font-family: 'Times New Roman';">, through </font><font style="font-family: 'Times New Roman';">its subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are located in Brazil and, </font><font style="font-family: 'Times New Roman';">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.</font><font style="font-family: 'Times New Roman';"> The Company considers as its main currency exposures the</font><font style="font-family: 'Times New Roman';"> changes in</font><font style="font-family: 'Times New Roman';"> assets and liabilities in foreign currency.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available i</font><font style="font-family: 'Times New Roman';">n the financial market to protect their assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currency</font><font style="font-family: 'Times New Roman';"> and net investment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in foreign operation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Hedge is used </font><font style="font-family: 'Times New Roman';">in order to reduce the effects of changes in exchange rates on </font><font style="font-family: 'Times New Roman';">the Company&#180;s income </font><font style="font-family: 'Times New Roman';">and ca</font><font style="font-family: 'Times New Roman';">sh flows in Brazilian Reais within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currenc</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to which they are related. </font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</font></p>
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<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-style: italic;">b.1 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Assets 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;">iabilities in </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;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">urrencies</font></p>
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<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;">03/31/2021</font></p>
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<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>
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<td style="width: 308.55pt; 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';">Cash, cash </font><font style="font-family: 'Times New Roman';">equivalents and financial investments in foreign currency (except hedging instruments)</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';">1,631,004</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,413,276</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 308.55pt; 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';">Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">375,458</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'; -aw-import: ignore;">&nbsp;</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">307,829</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 308.55pt; 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';">Other assets</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';">2,115,358</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'; -aw-import: ignore;">&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';">1,767,626</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 308.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">4,121,820</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">3,488,731</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 308.55pt; 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';">Liabilities in foreign currency</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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 308.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financing in foreign currency, gross of transaction costs and discount</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';">(10,095,152)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(9,246,707)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 308.55pt; 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';">Payables arising from imports, net of advances to foreign </font><font style="font-family: 'Times New Roman';">suppliers</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';">(894,083)</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'; -aw-import: ignore;">&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';">(633,013)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 308.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(10,989,235)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(9,879,720)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 308.55pt; 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';">Foreign currency hedging instruments</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';">5,095,156</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'; -aw-import: ignore;">&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';">4,837,554</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 308.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net liability position &#8211; total</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: 10pt;"><font style="font-family: 'Times New Roman';">(1,772,259)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(1,553,435)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 308.55pt; 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';">Net asset (liability) position &#8211; income statement </font><font style="font-family: 'Times New Roman';">effect</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';">(17,588)</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">186,306</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 308.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net liability position &#8211; equity effect</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';">(1,754,671)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(1,739,741)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">b.2 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Sensitivity </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;">nalysis of </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 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;">iabilities in </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;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">urrency</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Scenarios I, II and III were</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on </font><font style="font-family: 'Times New Roman';">10%, 25% and 50% variations, respectively, applied </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> the net position of the Company exposed to the currency risk, simulating the effects of appreciation and devaluation of the Real in the income statement and the equity</font><font style="font-family: 'Times New Roman';">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows</font><font style="font-family: 'Times New Roman';">, in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">three scenarios,</font><font style="font-family: 'Times New Roman';"> the effect</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of exchange rate changes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the net </font><font style="font-family: 'Times New Roman';">liability</font><font style="font-family: 'Times New Roman';"> position</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">1,772,259</font><font style="font-family: 'Times New Roman';">&nbsp;in foreign currency</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 117px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 99.9349%;" 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'; -aw-import: ignore;">&nbsp;</font></p>
</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;">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'; 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'; 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'; 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'; -aw-import: ignore;">&nbsp;</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;"><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'; 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'; 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'; font-weight: bold; font-size: 8pt;">50%</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1) Income statement </font><font style="font-family: 'Times New Roman';">effect</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Real devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">(1,759)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">(4,397)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">(8,794)</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';">(2) Equity 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;"><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';">(175,467)</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';">(438,668)</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';">(877,335)</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'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">(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';">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="border-top: 0.75pt solid #000000 !important; 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';">(177,226)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(443,065)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(886,129)</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';">(3) Income statement 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';">Real appreciation</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,759</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,397</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">8,794</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';">(4) Equity effect</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; background-color: #cceeff;"><br></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';">175,467</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></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';">438,668</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></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';">877,335</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'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">(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';">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">177,226</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">443,065</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">886,129</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows, in the three scenarios, the effects of exchange rate changes on the net liability position </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">553</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">435</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in foreign currency as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 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'; -aw-import: ignore;">&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;">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'; 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'; 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'; 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'; -aw-import: ignore;">&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'; 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'; 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'; 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'; 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; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1) Income statement effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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';">Real devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 3%;"><br></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';">18,631</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 3%;"><br></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';">46,577</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 3%;"><br></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';">93,153</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';">(2) Equity 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;"><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';">(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';">(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';">(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'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">(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';">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(155,343)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(388,358)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(776,718)</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';">(3) Income statement effect</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';">Real appreciation</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';">(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';">(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';">(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';">(4) Equity 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; 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';">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';">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';">869,871</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'; -aw-import: spaces;">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">(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';">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">155,343</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">388,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">776,718</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The equity effect refer</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">cumulative translation adjustments </font><font style="font-family: 'Times New Roman';">of changes</font><font style="font-family: 'Times New Roman';"> in the exchange rate on equity of foreign subsidiaries (see Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> 2.</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">g</font><font style="font-family: 'Times New Roman';">.2</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, net investments hedge in foreign entities, cash flow hedge of firm commitment and highly probable transaction (see Note 2.c and </font><font style="font-family: 'Times New Roman';">&#8220;h. </font><font style="font-family: 'Times New Roman';">Hedge Accounting</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> below)</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Interest </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;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">isk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries adopt policies for borrowing and invest</font><font style="font-family: 'Times New Roman';">ing financial resources and for capital cost minimization. The financial investments of the Company and its subsidiaries are primarily held in transactions linked to the DI, as set forth in Note 4. Borrowings primarily relate to financing from Banco do Bra</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">il, </font><font style="font-family: 'Times New Roman';">as well as </font><font style="font-family: 'Times New Roman';">debentures and borrowings in foreign currency, as shown in Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company attempts to maintain </font><font style="font-family: 'Times New Roman';">most of </font><font style="font-family: 'Times New Roman';">its financial interest assets and liabilities at floating rates.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><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'>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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">c.1 Assets and liabilities exposed to floating interest </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">rates</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he financial assets and liabilities exposed to floating interest rates</font><font style="font-family: 'Times New Roman';"> are demonstrated below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 263.3pt; padding-right: 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 20pt; padding-right: 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;">Note</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;">03/31/2021</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; 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>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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-weight: bold;">DI</font></p>
</td>
<td style="width: 20pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Cash equivalents</font></p>
</td>
<td style="width: 20pt; padding-right: 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';">4.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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,441,797</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'; -aw-import: ignore;">&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';">2,241,852</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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';">Financial investments</font></p>
</td>
<td style="width: 20pt; 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';">4.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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,088,829</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'; -aw-import: ignore;">&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';">3,749,852</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Loans and </font><font style="font-family: 'Times New Roman';">debentures</font></p>
</td>
<td style="width: 20pt; padding-right: 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';">16.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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(6,973,033)</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'; -aw-import: ignore;">&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';">(6,947,362)</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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';">Liability position of foreign exchange hedging instruments &#8211; DI</font></p>
</td>
<td style="width: 20pt; 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';">33.g</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';">(2,122,876)</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'; -aw-import: ignore;">&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';">(2,124,146)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Liability position of fixed interest instruments + IPCA &#8211; DI</font></p>
</td>
<td style="width: 20pt; padding-right: 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';">33.g</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: 10pt;"><font style="font-family: 'Times New Roman';">(2,067,207)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">(2,203,705)</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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';">Net liability </font><font style="font-family: 'Times New Roman';">position in DI</font></p>
</td>
<td style="width: 20pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(5,632,490)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(5,283,509)</font></p>
</td>
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<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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-weight: bold;">TJLP</font></p>
</td>
<td style="width: 20pt; padding-right: 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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';">Loans &#8211; TJLP</font></p>
</td>
<td style="width: 20pt; 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';">16.a</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';">(26,921)</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'; -aw-import: ignore;">&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';">(29,803)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Net liability position in TJLP</font></p>
</td>
<td style="width: 20pt; padding-right: 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(26,921)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(29,803)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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-weight: bold;">LIBOR</font></p>
</td>
<td style="width: 20pt; 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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Asset position of foreign exchange hedging instruments &#8211; LIBOR</font></p>
</td>
<td style="width: 20pt; padding-right: 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';">33.g</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';">288,232</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'; -aw-import: ignore;">&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';">260,958</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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';">Loans &#8211; LIBOR</font></p>
</td>
<td style="width: 20pt; 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';">16.a</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';">(627,412)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(573,484)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 263.3pt; 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';">Net liability position in LIBOR</font></p>
</td>
<td style="width: 20pt; padding-right: 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 1px double #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';">(339,180)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 1px double #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';">(312,526)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 263.3pt; 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-weight: bold;">Total net liability position exposed to floating interest</font></p>
</td>
<td style="width: 20pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(5,998,592)</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; 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';">(5,625,838)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">c.</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;">Sensitivity </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;">nalysis 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;">loating </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;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">isk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For</font><font style="font-family: 'Times New Roman';"> sensitivity analysis of floating interest rate risk</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company used the accumulated amount of the reference indexes (DI, TJLP, LIBOR and SELIC) as a base scenario. Scenarios I, II and III were </font><font style="font-family: 'Times New Roman';">based on</font><font style="font-family: 'Times New Roman';"> 10%, 25% and 50%</font><font style="font-family: 'Times New Roman';"> variation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, respectively, </font><font style="font-family: 'Times New Roman';">applied </font><font style="font-family: 'Times New Roman';">in the floating interest rate</font><font style="font-family: 'Times New Roman';"> of the base scenario</font><font style="font-family: 'Times New Roman';">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The tables below show the incremental expenses and income that would be recognized in financ</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 247px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="2" 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;"><br></td>
<td colspan="7" 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;">03/31/2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="2" 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;">Risk</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario I</font></p>
</td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario II</font></p>
</td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="2" 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;"><br></td>
<td colspan="2" 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-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td colspan="2" 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-weight: bold; font-size: 8pt;">25%</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">50%</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Interest effect on cash equivalents and financial </font></p>
</td>
<td colspan="2" 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">2,316</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">5,791</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">11,582</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td colspan="2" 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';">Interest effect on debt in DI</font></p>
</td>
<td colspan="2" 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';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(3,446)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(8,616)</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';">(17,231)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" 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';">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td colspan="2" 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';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(2,697)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(5,294)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></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';">(9,623)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td colspan="2" 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';">Incremental expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(3,827)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(8,119)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(15,272)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" 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';">Interest effect on debt in TJLP</font></p>
</td>
<td colspan="2" style="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';">Increase in TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(32)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(79)</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';">(159)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td colspan="2" 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';">Incremental </font><font style="font-family: 'Times New Roman';">expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(32)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(79)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">(159)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" 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';">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td colspan="2" 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';">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">2,909</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">3,008</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></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';">3,175</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td colspan="2" 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';">Interest effect on debt in LIBOR</font></p>
</td>
<td colspan="2" 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';">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(44)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(109)</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';">(218)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td colspan="2" 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';">Incremental expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">2,865</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">2,899</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="border-top: 0.75pt solid #000000 !important; 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';">2,957</font></p>
</td>
</tr>

</table>
<p><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'>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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 207px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td colspan="2" 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;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td colspan="8" 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; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="2" 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;">Risk</font></p>
</td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario I</font></p>
</td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario II</font></p>
</td>
<td style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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;">Scenario III</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; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> <b style="mso-bidi-font-weight: normal;"><u><font style="font-family: 'Times New Roman', serif; color: #000000;">Exposure of interest rate risk</font></u></b> </font></p>
</td>
<td colspan="2" 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;"><br></td>
<td colspan="2" 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-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td colspan="2" 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-weight: bold; font-size: 8pt;">25%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td colspan="2" 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-weight: bold; font-size: 8pt;">50%</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Interest effect on cash equivalents and financial </font></p>
</td>
<td colspan="2" 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">13,175</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">32,937</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 3%;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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';">65,875</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';">Interest effect on debt in DI</font></p>
</td>
<td colspan="2" 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';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(19,674)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(49,184)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(98,368)</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';">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td colspan="2" 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';">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(1,137)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(11,934)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(29,929)</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';">Incremental expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(7,636)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(28,181)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(62,422)</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';">Interest effect on debt in TJLP</font></p>
</td>
<td colspan="2" style="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';">Increase in TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(301)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(752)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">(1,503)</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';">Incremental expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(301)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(752)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(1,503)</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';">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td colspan="2" 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';">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">528</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">1,320</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td colspan="2" 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';">2,640</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';">Interest effect on debt in LIBOR</font></p>
</td>
<td colspan="2" 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';">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(1,410)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(3,525)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(7,050)</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';">Incremental </font><font style="font-family: 'Times New Roman';">expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(882)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(2,205)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(4,410)</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';">Interest effect on debt in SELIC</font></p>
</td>
<td colspan="2" 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';">Increase in SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(41)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(102)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="2" 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';">(203)</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';">Incremental expenses</font></p>
</td>
<td colspan="2" 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(41)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="border-top: 0.75pt solid #000000 !important; 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';">(102)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top: 0.75pt solid #000000 !important; 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';">(203)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">d. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Credit </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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial instruments that would expose the Company and its subsidiaries to </font><font style="font-family: 'Times New Roman';">credit risks of the counterparty are basically represented by cash and bank deposits, financial investments, hedging instruments</font><font style="font-family: 'Times New Roman';"> (see Note 4)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and trade receivables</font><font style="font-family: 'Times New Roman';"> (see Note 5)</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">d.1 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Credit risk of financial institutions </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such risk results from the inability of financial institutions to comply with their financial obligations to the Company and its subsidiaries due to insolvency. The Company and its subsidiaries regularly conduct a cr</font><font style="font-family: 'Times New Roman';">edit 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, finan</font><font style="font-family: 'Times New Roman';">cial investments, and hedging instruments are held only with institutions with a solid credit history, chosen for safety and soundness. The volume of cash and cash equivalents, financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and hedging instruments are subject to maximum limits by</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">each </font><font style="font-family: 'Times New Roman';">institution and, therefore, require diversification of counterpart</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';">.</font></p>
</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: 10pt;"><font style="font-family: 'Times New Roman';"><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'>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>
<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-style: italic;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br>d.2 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Government credit risk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company's policy allows investments in government securities from countries classified as investment grade AAA or </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">aa by specialized credit ratin</font><font style="font-family: 'Times New Roman';">g agencies</font><font style="font-family: 'Times New Roman';"> (S&amp;P, Moody&#8217;s and Fitch)</font><font style="font-family: 'Times New Roman';"> and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each country and, therefore, requires diversification of counterparties.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit risk of </font><font style="font-family: 'Times New Roman';">financial institution and government of </font><font style="font-family: 'Times New Roman';">cash, cash equivalents and financial investments is summarized below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 297.3pt; 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'; -aw-import: ignore;">&nbsp;</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 47.85pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 297.3pt; 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-weight: bold;">Counterparty credit rating</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-top: 0.75pt solid #000000 !important; 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-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-top: 0.75pt solid #000000 !important; 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-top: 0.75pt solid #000000 !important; 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-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 297.3pt; 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';">AAA</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">7,749,656</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.95pt; 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';">8,190,428</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 297.3pt; 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';">AA</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">501,777</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.95pt; 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';">317,894</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 297.3pt; 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';">A</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">249,615</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.95pt; 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';">163,838</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 297.3pt; 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-weight: bold;">Total</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; 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';">8,501,048</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 47.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; 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';">8,672,160</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">d.3 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Customer credit risk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit policy establishes the analysis of the profile of each new customer</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> individually</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> regarding their financial condition. The review carried out by the subsidiaries of the Company includes the evaluation of external ratings, when available, </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';">, credit bureau information, industry information and, when necessary, bank ref</font><font style="font-family: 'Times New Roman';">erences. 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In monitoring credit risk, customer</font><font style="font-family: 'Times New Roman';">s are grouped according to their credit characteristics and depending on the business the grouping takes into account, for example, whether they are natural or legal clients, whether they are wholesalers, resellers or final customers, considering also </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">geographic area.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> of credit loss</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> are calculated </font><font style="font-family: 'Times New Roman';">by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">expected loss ap</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">roach</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on the probability of default</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rates. Loss rates are calculated on the basis of the average probability of a receivable amount to advance through successive s</font><font style="font-family: 'Times New Roman';">tages of default until full write-off</font><font style="font-family: 'Times New Roman';">. The</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">probability of default</font><font style="font-family: 'Times New Roman';"> calculation takes into account a credit risk score for each exposure</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on data considered to be capable of fores</font><font style="font-family: 'Times New Roman';">eeing</font><font style="font-family: 'Times New Roman';"> the risk of loss (external classifications, audited </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';">, cash flow projections, customer information available in the press, for example), with addition of the credit assessment based on experience.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such </font><font style="font-family: 'Times New Roman';">credit </font><font style="font-family: 'Times New Roman';">risks are managed by each business unit through specific criteria for acceptance of customers </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">their </font><font style="font-family: 'Times New Roman';">credit rating and are additionally mitigated by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">diversification of sales. No single customer or group accounts for more than 10% of total revenue.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="-aw-different-first-page: true; -aw-headerfooter-type: footer-primary; clear: both;">
<div style="-aw-sdt-tag: '';">
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries of the Company request guarantees related to trade </font><font style="font-family: 'Times New Roman';">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 bala</font><font style="font-family: 'Times New Roman';">nces on trade receivables:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; -aw-import: ignore;">&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;">03/31/2021</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; 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>
</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';">Ipiranga</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';">447,842</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'; -aw-import: ignore;">&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';">447,389</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';">Ultragaz</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';">117,329</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'; -aw-import: ignore;">&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';">113,621</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';">Oxiteno</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';">17,457</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'; -aw-import: ignore;">&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';">16,430</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';">Extrafarma</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';">64</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'; -aw-import: ignore;">&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';">73</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';">Ultracargo</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';">1,579</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'; -aw-import: ignore;">&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';">1,594</font></p>
</td>
</tr>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Total</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';">584,271</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-weight: bold; -aw-import: ignore;">&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';">579,107</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents </font><font style="font-family: 'Times New Roman';">information about credit risk exposure:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 200px; width: 100%;" width="100%">

<tr style="height: 17px;">
<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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 50.7pt; 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;">03/31/2021</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: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 50.7pt; 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;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 63px;">
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 63px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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 rate of losses</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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;">Accounting balance</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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: 50.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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;">Provision for losses</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 63px;">
<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; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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 rate of losses</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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;">Accounting balance</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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; border-top: 0.75pt solid #000000 !important; height: 63px;">
<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;">Provision for losses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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';">Current</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">1.1%</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'; -aw-import: ignore;">&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; 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';">4,080,672</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">46,344</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'; -aw-import: ignore;">&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; 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';">1.2%</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'; -aw-import: ignore;">&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; 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';">3,751,067</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'; -aw-import: ignore;">&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; 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';">44,091</font></p>
</td>
</tr>
<tr style="height: 17px;">
<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';">less than 30 day</font><font style="font-family: 'Times New Roman';">s</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';">2.5%</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'; -aw-import: ignore;">&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';">155,925</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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';">3,934</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">2.2%</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'; -aw-import: ignore;">&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';">134,836</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'; -aw-import: ignore;">&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';">2,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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';">31-60 days</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';">6.1%</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'; -aw-import: ignore;">&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';">48,961</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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';">2,993</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'; -aw-import: ignore;">&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';">8.2%</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'; -aw-import: ignore;">&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';">43,207</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'; -aw-import: ignore;">&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';">3,563</font></p>
</td>
</tr>
<tr style="height: 17px;">
<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';">61-90 days</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';">7.1%</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'; -aw-import: ignore;">&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';">40,253</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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';">2,861</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'; -aw-import: ignore;">&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';">10.9%</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'; -aw-import: ignore;">&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';">42,589</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'; -aw-import: ignore;">&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';">4,630</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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';">91-180 days</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';">47.7%</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'; -aw-import: ignore;">&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';">65,458</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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';">31,250</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'; -aw-import: ignore;">&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';">36.8%</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'; -aw-import: ignore;">&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';">76,158</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'; -aw-import: ignore;">&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';">28,062</font></p>
</td>
</tr>
<tr style="height: 17px;">
<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';">more than 180 days</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';">55.1%</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'; -aw-import: ignore;">&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';">902,133</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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';">496,889</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'; -aw-import: ignore;">&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';">55.7%</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'; -aw-import: ignore;">&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';">890,756</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'; -aw-import: ignore;">&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';">495,822</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5,293,402</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.85pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">584,271</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,938,613</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">579,107</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The information about expected losses on doubtful accounts balances by geographic area are as </font><font style="font-family: 'Times New Roman';">follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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;">03/31/2021</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; 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>
</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';">Brazil </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';">572,710</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'; -aw-import: ignore;">&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';">568,461</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';">Mexico</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';">17</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'; -aw-import: ignore;">&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></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';">Uruguay</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';">30</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'; -aw-import: ignore;">&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';">76</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';">Other Latin American countries</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';">118</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'; -aw-import: ignore;">&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';">271</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';">United States of America and Canada</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';">1,256</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'; -aw-import: ignore;">&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';">1,146</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';">Europe</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';">10,000</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'; -aw-import: ignore;">&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';">9,120</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';">Others</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';">140</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'; -aw-import: ignore;">&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';">33</font></p>
</td>
</tr>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">584,271</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-weight: bold; -aw-import: ignore;">&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';">579,107</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For further information about the allowance for </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts, see Notes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5.a and 5.b.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; 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"><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;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div>
<p><br></p>
<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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">d.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">4 Price risk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries are exposed to commodity price risk, </font><font style="font-family: 'Times New Roman';">due</font><font style="font-family: 'Times New Roman';"> the fluctuation in prices for diesel and gasoline</font><font style="font-family: 'Times New Roman';">, among others</font><font style="font-family: 'Times New Roman';">. 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">To mitigate th</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';"> risk</font><font style="font-family: 'Times New Roman';"> of the fluctuation of diesel and gasoline prices</font><font style="font-family: 'Times New Roman';">, the Company and its subsidiaries permanently </font><font style="font-family: 'Times New Roman';">monitor the market, seeking to protect</font><font style="font-family: 'Times New Roman';">ion</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">price movements through hedge transactions for cargo purchased in the international market</font><font style="font-family: 'Times New Roman';">, used contracts of derivative </font><font style="font-family: 'Times New Roman';">for heating oil (diesel) </font><font style="font-family: 'Times New Roman';">traded on the stock exchange</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows the positions of derivative financial instruments to hedge commodit</font><font style="font-family: 'Times New Roman';">y price risk at </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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: 87px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; 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-weight: bold; font-size: 8pt;">Derivative</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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="5" style="width: 36.45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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;">Contract</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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: 67.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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;">Notional amount (m</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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: 67.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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;">Notional amount (USD thousands)</font></p>
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<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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: 64.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<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;">Fair value</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Position</font></p>
</td>
<td style="width: 1pt; 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: 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; border-top: 0.75pt solid #000000 !important; 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;">Product</font></p>
</td>
<td style="width: 1pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</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: 67.7pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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: center; font-size: 10pt;"><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; border-top: 0.75pt solid #000000 !important; 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;">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: 67.7pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; 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: 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: 4.35pt; 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: 64.35pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 1pt; 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; 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: center; 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="width: 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; 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: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; 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: 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: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: 39.55pt; 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: 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: 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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: 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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: 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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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: 67.8pt; 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-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 4.35pt; 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: 64.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top; 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;">R$ thousands</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top; 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: 72.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top; 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;">R$ thousands</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Term</font></p>
</td>
<td style="width: 1.05pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Sold</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Heating Oil</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">abr-21</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">161,690</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">108,429</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">79,112</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; 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: 10pt;"><font style="font-family: 'Times New Roman';">42,399</font></p>
</td>
<td style="width: 4.35pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; 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';">20,037</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; 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';">(563)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; 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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; 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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 73.8pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.35pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">20,037</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(563)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</div>
</div>
<div>
<div style="-aw-different-first-page: true; -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'>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;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br>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'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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 </font><font style="font-family: 'Times New Roman';">Interim </font><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">Information</font><font style="font-family: 'Times New Roman';"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</div>
<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-style: italic;">e. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Liquidity </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;">isk</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries&#8217; main sources of liquidity derive fr</font><font style="font-family: 'Times New Roman';">om (i)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments, (ii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash generated from operations and (iii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding requirements, which include, but </font><font style="font-family: 'Times New Roman';">are not limited to, working capital, capital expenditures, amortization of debt</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and payment of dividends.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries periodically examine opportunities for acquisitions and investments. They consider different types of investments,</font><font style="font-family: 'Times New Roman';"> either directly</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> through joint ventures, or </font><font style="font-family: 'Times New Roman';">through </font><font style="font-family: 'Times New Roman';">associated companies, and finance such investments using cash generated from operations, debt financing, through capital increases</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or through a combination of these methods.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">he gross indebtedness due over the next twelve months total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">685</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">107</font><font style="font-family: 'Times New Roman';">, including estimated interests on loans</font><font style="font-family: 'Times New Roman';"> (for quantitative information, see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Furthermore, the investment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> for </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">1,890,763</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Until the first quarter, R$ 278,819 w</font><font style="font-family: 'Times New Roman';">ere realized. </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';">March</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';">, the Company and its subsidiaries had R$</font><font style="font-family: 'Times New Roman';"> </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';">486</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">677</font><font style="font-family: 'Times New Roman';"> in c</font><font style="font-family: 'Times New Roman';">ash, </font><font style="font-family: 'Times New Roman';">cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and short-term financial investments (for quantitative information, see Note 4).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents a summary of financial liabilities </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</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';">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';">by the Company and its subsidiaries, </font><font style="font-family: 'Times New Roman';">listed </font><font style="font-family: 'Times New Roman';">by maturity. The </font><font style="font-family: 'Times New Roman';">amounts disclosed in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &#8203;&#8203;</font><font style="font-family: 'Times New Roman';">may </font><font style="font-family: 'Times New Roman';">be different from the amounts disclosed on the balance sheet.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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="width: 135.75pt; 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-weight: bold;">Financial liabilities</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Less than 1 year</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Between 1 and 3 years</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Between 3 </font><font style="font-family: 'Times New Roman'; font-weight: bold;">and 5 years</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">More than 5 years</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Loans including future contractual interest (1) (2)</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';">21,966,849</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';">3,685,107</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';">7,031,989</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';">1,872,753</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';">9,377,000</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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';">Currency and interest rate hedging instruments (3)</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';">659,366</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';">38,785</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';">194,412</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';">202,733</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';">223,436</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="width: 135.75pt; 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';">Trade payables</font></p>
</td>
<td style="width: 50.7pt; 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';">4,526,144</font></p>
</td>
<td style="width: 50.7pt; 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';">4,526,144</font></p>
</td>
<td style="width: 50.7pt; 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';">-</font></p>
</td>
<td style="width: 50.7pt; 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';">-</font></p>
</td>
<td style="width: 50.7pt; 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';">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="width: 135.75pt; 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';">Leases payable</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: 10pt;"><font style="font-family: 'Times New Roman';">2,665,640</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: 10pt;"><font style="font-family: 'Times New Roman';">396,497</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: 10pt;"><font style="font-family: 'Times New Roman';">671,284</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: 10pt;"><font style="font-family: 'Times New Roman';">512,615</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: 10pt;"><font style="font-family: 'Times New Roman';">1,085,244</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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'; font-size: 6pt; vertical-align: super;">(1</font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">) </font><font style="font-family: 'Times New Roman';">To calculate the estimated interest on loans some macroeconomic assumptions were used, including averag</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> for the period</font><font style="font-family: 'Times New Roman';"> the following</font><font style="font-family: 'Times New Roman';">:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(i) DI of </font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">3.85</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> to 202</font><font style="font-family: 'Times New Roman';">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';">5.73</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> to 202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">7.10</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> 202</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> (ii) exchange rate of the </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">eal against the U.S. dollar of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">5.38</font><font style="font-family: 'Times New Roman';"> in 2021, R$ </font><font style="font-family: 'Times New Roman';">5.45</font><font style="font-family: 'Times New Roman';"> in 2022, R$ </font><font style="font-family: 'Times New Roman';">5.30</font><font style="font-family: 'Times New Roman';"> in 2023, R$ </font><font style="font-family: 'Times New Roman';">5.10</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in 2024, R$ </font><font style="font-family: 'Times New Roman';">4.90</font><font style="font-family: 'Times New Roman';"> in 2025</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">4.81</font><font style="font-family: 'Times New Roman';"> in 2026</font><font style="font-family: 'Times New Roman';">, R$ </font><font style="font-family: 'Times New Roman';">4.84</font><font style="font-family: 'Times New Roman';"> in 2027, R$ </font><font style="font-family: 'Times New Roman';">4.86</font><font style="font-family: 'Times New Roman';"> in 2028 and R$ </font><font style="font-family: 'Times New Roman';">4.88</font><font style="font-family: 'Times New Roman';"> in 2029</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(iii) TJLP of </font><font style="font-family: 'Times New Roman';">4.61</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">v) IGP-M of 4.79% in 2021, 4.02% in 2022, 3.25% as from 2023; (v) IPCA of </font><font style="font-family: 'Times New Roman';">4.71</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 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">3.59</font><font style="font-family: 'Times New Roman';">% in 202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">, 3.</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">as from</font><font style="font-family: 'Times New Roman';"> 202</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">; (vi) </font><font style="font-family: 'Times New Roman';">exchange rate of the Real against the</font><font style="font-family: 'Times New Roman';"> mexican peso of R$ 0.28; (vii) </font><font style="font-family: 'Times New Roman';">exchange rate of the </font><font style="font-family: 'Times New Roman';">mexican peso</font><font style="font-family: 'Times New Roman';"> against the</font><font style="font-family: 'Times New Roman';"> U.S. dollar of MXN 20.60.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(source:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> B</font><font style="font-family: 'Times New Roman';">ulletin Focus and financial institutions)</font><font style="font-family: 'Times New Roman';">.</font></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'; -aw-import: spaces;">&nbsp;</font><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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(2)</font><font style="font-family: 'Times New Roman';"> Includes estimated interest payments on short-term and long-term loans until the payment</font><font style="font-family: 'Times New Roman';"> date</font><font style="font-family: 'Times New Roman';">.</font></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';">&nbsp;</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'; font-size: 6pt; vertical-align: super;">(3) </font><font style="font-family: 'Times New Roman';">The currency and interest rate hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curve</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of DI x Pre</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">DI</font><font style="font-family: 'Times New Roman';"> x IPCA</font><font style="font-family: 'Times New Roman';"> contract</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> quoted on </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">March</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';">202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and on the futures curve of LIBOR (</font><font style="font-family: 'Times New Roman';">ICE </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> Intercontinental</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Exchange</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> and commodities heating oil</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">contracts</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">quoted on </font><font style="font-family: 'Times New Roman';">New York Mercantile Exchange</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;NYMEX&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">March</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';">202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">. In the table above, only the hedging instruments with negative result</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> at the time of settlement were considered.</font></p>
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<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';"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>115</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</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: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">f. </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;">m</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">anagement</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company manages its capital structure based on indicators and benchmarks. The key </font><font style="font-family: 'Times New Roman';">performance indicators related to the capital structure management are the weighted average cost of capital, net debt / EBITDA, interest coverage</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments (</font><font style="font-family: 'Times New Roman';">see Note 4) and loans, including debentures (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">). The Company can change its capital structure depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company seeks to improve its</font><font style="font-family: 'Times New Roman';"> return on </font><font style="font-family: 'Times New Roman';">invested </font><font style="font-family: 'Times New Roman';">capital by implementing efficient working capital management and a selective investment program.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<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-style: italic;">g. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Selection and </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 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;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In selecting financial investments and hedging instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying value and fair value, and </font><font style="font-family: 'Times New Roman';">a review is conducted of any </font><font style="font-family: 'Times New Roman';">documentation appli</font><font style="font-family: 'Times New Roman';">cable 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Policy contemplates the use of derivative financial instruments only</font><font style="font-family: 'Times New Roman';"> 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 Compa</font><font style="font-family: 'Times New Roman';">ny and its subsidiaries can use forward contracts, </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">waps, options, and futures contracts to manage identified risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the coverage of ident</font><font style="font-family: 'Times New Roman';">ified risks, the Company and its subsidiaries use the term &#8220;hedging instruments&#8221; to refer to derivative financial instruments.</font></p>
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<p><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>116</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt 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: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes the position of hedging instruments </font><font style="font-family: 'Times New Roman';">entered </font><font style="font-family: 'Times New Roman';">by the Company and its subsidiaries:</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Designated as hedge accounting</font></p>
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<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;">Product</font></p>
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<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;">Hedged object</font></p>
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<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;">Rates agreement</font></p>
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<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;">Maturity</font></p>
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<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;">Note</font></p>
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<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;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Fair value</font></p>
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<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>
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<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>
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<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>
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<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;">03/31/2021</font></p>
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<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>
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<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>
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<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>
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<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;">03/31/2021</font></p>
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<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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign exchange swap</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debt</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD + 4.58 %</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">103.9% DI</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">sep-23</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">33.h.1</font></p>
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</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">USD 185,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">USD </font><font style="font-family: 'Times New Roman';">185,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">374,748</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">298,889</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';">Foreign exchange swap</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'; -aw-import: ignore;">&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';">Debt</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'; -aw-import: ignore;">&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';">USD + LIBOR</font><font style="font-family: 'Times New Roman';">-3M + 1.14%</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">105.0% 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'; -aw-import: ignore;">&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';">jun-22</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'; -aw-import: ignore;">&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';">33.h.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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">USD 50,000</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'; -aw-import: ignore;">&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';">USD 50,000</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'; -aw-import: ignore;">&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';">116,374</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'; -aw-import: ignore;">&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';">94,782</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';">Interest rate swap</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debt</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.40% + IPCA</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">101.4% 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">mar-28</font></p>
</td>
<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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">33.h.1</font></p>
</td>
<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'; -aw-import: ignore;">&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';">R$ 1,266,054</font></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'; -aw-import: ignore;">&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';">R$ 806,054</font></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'; -aw-import: ignore;">&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';">211,626</font></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'; -aw-import: ignore;">&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';">203,837</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';">Interest rate swap</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'; -aw-import: ignore;">&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';">Debt</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'; -aw-import: ignore;">&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';">6.47%</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">99.9% 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'; -aw-import: ignore;">&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';">nov-24</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'; -aw-import: ignore;">&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';">33.h.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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">R$ 90,000</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'; -aw-import: ignore;">&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';">R$ 90,000</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'; -aw-import: ignore;">&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';">(2,378)</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'; -aw-import: ignore;">&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';">3,498</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';">Term</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Firm commitments</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">BRL</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Heating Oil</font></p>
</td>
<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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">abr-21</font></p>
</td>
<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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">33.h.1</font></p>
</td>
<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'; -aw-import: ignore;">&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';">USD 79,112</font></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'; -aw-import: ignore;">&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';">USD 42,399</font></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'; -aw-import: ignore;">&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';">20,037</font></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'; -aw-import: ignore;">&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';">(563)</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';">NDF</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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">Firm commitments</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;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">BRL</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD</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'; -aw-import: ignore;">&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';">abr-21</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'; -aw-import: ignore;">&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';">33.h.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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">USD 40,034</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'; -aw-import: ignore;">&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';">USD 23,124</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(2,838)</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'; -aw-import: ignore;">&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';">(733)</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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';">717,569</font></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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';">599,710</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 99.8699%;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td colspan="3" 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-weight: bold; text-decoration: underline;">Not designated as hedge accounting</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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="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'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="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'; 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'; 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'; 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'; 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; 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; 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; 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; 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; 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; 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; 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;"><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;"><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; 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; 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="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;">Product</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;">Hedged object</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 colspan="3" 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;">Rates agreement</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;">Maturity</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 colspan="3" 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;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</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 colspan="3" 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;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; 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;">Assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; 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;">Liabilities</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: bottom; 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-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-size: 8pt;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</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: 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; 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;">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="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: center; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">03/31/202</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font></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: 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; 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;">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: middle; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Foreign exchange swap</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debt</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD + 0.18%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;"><br></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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">55.5% DI</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">jun-29</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.75pt solid #000000 !important; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD 320,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-top: 0.75pt solid #000000 !important; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD 320,000</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">532,103</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'; -aw-import: ignore;">&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; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">519,260</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">NDF</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'; -aw-import: ignore;">&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';">Firm commitments</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'; -aw-import: ignore;">&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';">BRL</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">USD</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'; -aw-import: ignore;">&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';">sep-21</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'; -aw-import: ignore;">&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';">USD 387,725</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'; -aw-import: ignore;">&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';">USD 378,550</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">32,983</font></p>
</td>
<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'; -aw-import: ignore;">&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';">(112,152)</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';">Interest rate swap</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debt</font></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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2.67%</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">100% 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'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">may-21</font></p>
</td>
<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'; -aw-import: ignore;">&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';">R$ 700,000</font></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'; -aw-import: ignore;">&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';">R$ 1,300,000</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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 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="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(5)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<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';">Interest rate swap</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'; -aw-import: ignore;">&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';">Debt</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'; -aw-import: ignore;">&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';">5.25%</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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">DI - 1.1%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">jun-29</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'; -aw-import: ignore;">&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';">USD 100,000</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'; -aw-import: ignore;">&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></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">(17,069)</font></p>
</td>
<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'; -aw-import: ignore;">&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></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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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';">548,017</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; 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';">407,103</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1) </font><font style="font-family: 'Times New Roman';">Currency as indicated.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">All transactions mentioned above were properly registered with CETIP S.A.</font></p>
</div>
</div>
<p><br></p>
<div>
<div style="-aw-different-first-page: true; -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'>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>
<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-style: italic;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;"><br>h. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Hedge </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;">ccounting</font><font style="width: 32.33pt; display: inline-block; -aw-tabstop-align: left; -aw-tabstop-pos: 126.75pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">use derivative and non-derivative financial instruments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for hedging purposes and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">test, throughout the duration of the hedge, the</font><font style="font-family: 'Times New Roman';">ir</font><font style="font-family: 'Times New Roman';"> effectiveness, as well as the changes in their fair value. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">h.1 Fair value hedge</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">Company and its subsidiaries designate as fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on the market value of financing contracted in Brazilian Reais and U.S. dollars</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he foreign exchange hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</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;">03/31/2021</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: 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;">12/31/2020</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';">Notional amount &#8211; US$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">235,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">235,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</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';">113,691</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'; -aw-import: ignore;">&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';">574,378</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';">Fair value </font><font style="font-family: 'Times New Roman';">adjustment of debt &#8211; R$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">14,306</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(13,131)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Finance expense in the statements of profit or loss &#8211; R$</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';">(116,686)</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'; -aw-import: ignore;">&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';">(597,735)</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';">Average effective cost &#8211; DI %</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';">104.1</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'; -aw-import: ignore;">&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';">104.1</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note 16.c.1.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he interest </font><font style="font-family: 'Times New Roman';">rate </font><font style="font-family: 'Times New Roman';">hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</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;">03/31/2021</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: 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;">12/31/2020</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';">Notional amount &#8211; US$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,266,054</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">806,054</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</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';">7,789</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'; -aw-import: ignore;">&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';">67,446</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';">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">37,068</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(18,446)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Finance expense in the statements of profit or loss &#8211; R$</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';">1,990</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'; -aw-import: ignore;">&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';">(99,555)</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';">Average effective cost &#8211; DI %</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';">101.4</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'; -aw-import: ignore;">&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';">95.8</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> 16.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.2, 16.</font><font style="font-family: 'Times New Roman';">f</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';"> 16.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.6</font><font style="font-family: 'Times New Roman';">, 16.f.8 and </font><font style="font-family: 'Times New Roman';">16.f.9</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</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;">03/31/2021</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: 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;">12/31/2020</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';">Notional amount &#8211; US$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">90,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">90,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</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';">(5,876)</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'; -aw-import: ignore;">&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';">6,528</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';">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">6,750</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,250</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Finance expense in the statements of profit or loss &#8211; R$</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';">5,331</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'; -aw-import: ignore;">&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';">(8,968)</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';">Average effective cost &#8211; DI %</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';">99.9</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'; -aw-import: ignore;">&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';">99.9</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note 16.</font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">.7.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The foreign exchange hedging instruments and commodities designated as fair value hedge are as described below. The purpose of this relationship is to </font><font style="font-family: 'Times New Roman';">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 i</font><font style="font-family: 'Times New Roman';">n a hedge accou</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">ting 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</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;">03/31/2021</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: 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;">12/31/2020</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';">Notional amount &#8211; US$</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">119,146</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">65,523</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Result of hedging </font><font style="font-family: 'Times New Roman';">instruments &#8211; gain/(loss) &#8211; R$</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';">(40,296)</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'; -aw-import: ignore;">&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';">(87,448)</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';">Fair value adjustment of inventories &#8211; R$</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';">(30,561)</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'; -aw-import: ignore;">&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';">18,468</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">h.2 Cash flow hedge</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121;">The Company and its subsidiaries designate, as cash flow hedge </font><font style="font-family: 'Times New Roman'; color: #212121;">of firm commitment </font><font style="font-family: 'Times New Roman'; color: #212121;">and highly probable transactions, derivative financial instruments to </font><font style="font-family: 'Times New Roman'; color: #212121;">hedge</font><font style="font-family: 'Times New Roman'; color: #212121;"> firm commitments and non-derivative financial instruments to </font><font style="font-family: 'Times New Roman'; color: #212121;">hedge</font><font style="font-family: 'Times New Roman'; color: #212121;"> highly probable future transact</font><font style="font-family: 'Times New Roman'; color: #212121;">ions, to hedge against</font><font style="font-family: 'Times New Roman'; color: #212121;"> fluctuations</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">arising from </font><font style="font-family: 'Times New Roman'; color: #212121;">changes in </font><font style="font-family: 'Times New Roman'; color: #212121;">exchange rate.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121;">On </font><font style="font-family: 'Times New Roman'; color: #212121;">March</font><font style="font-family: 'Times New Roman'; color: #212121;"> 3</font><font style="font-family: 'Times New Roman'; color: #212121;">1</font><font style="font-family: 'Times New Roman'; color: #212121;">, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">2</font><font style="font-family: 'Times New Roman'; color: #212121;">1</font><font style="font-family: 'Times New Roman'; color: #212121;">, </font><font style="font-family: 'Times New Roman'; color: #212121;">the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="font-family: 'Times New Roman'; color: #212121;">cash flow</font><font style="font-family: 'Times New Roman'; color: #212121;"> hedge</font><font style="font-family: 'Times New Roman'; color: #212121;">, related to</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">notes in the foreign market </font><font style="font-family: 'Times New Roman'; color: #212121;">totaled US$ </font><font style="font-family: 'Times New Roman';">447</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">858</font><font style="font-family: 'Times New Roman'; color: #212121;"> (US$ </font><font style="font-family: 'Times New Roman';">468</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">215</font><font style="font-family: 'Times New Roman'; color: #212121;"> on December 31, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">20</font><font style="font-family: 'Times New Roman'; color: #212121;">)</font><font style="font-family: 'Times New Roman'; color: #212121;">.</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">March</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';">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';">t</font><font style="font-family: 'Times New Roman'; color: #212121;">he</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">unrealized </font><font style="font-family: 'Times New Roman'; color: #212121;">loss of</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">&#8220;</font><font style="font-family: 'Times New Roman'; color: #212121;">Other comprehensive income</font><font style="font-family: 'Times New Roman'; color: #212121;">&#8221;</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">is</font><font style="font-family: 'Times New Roman'; color: #212121;"> R$</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman';">121</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">506</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">(loss of R$ </font><font style="font-family: 'Times New Roman';">315</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">403</font><font style="font-family: 'Times New Roman'; color: #212121;"> on December 31, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">20</font><font style="font-family: 'Times New Roman'; color: #212121;">)</font><font style="font-family: 'Times New Roman'; color: #212121;">, net of deferred </font><font style="font-family: 'Times New Roman'; color: #212121;">IRPJ and CSLL</font><font style="font-family: 'Times New Roman'; color: #212121;">.</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">h.3 Net investment hedge in foreign entities</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121;">The Company and its subsidiaries designate, as net investment</font><font style="font-family: 'Times New Roman'; color: #212121;"> hedge </font><font style="font-family: 'Times New Roman'; color: #212121;">in foreign entities, </font><font style="font-family: 'Times New Roman'; color: #212121;">notes in the foreign market</font><font style="font-family: 'Times New Roman'; color: #212121;">,</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">for hedging net investment in foreign entities,</font><font style="font-family: 'Times New Roman'; color: #212121;"> </font><font style="font-family: 'Times New Roman'; color: #212121;">to offset </font><font style="font-family: 'Times New Roman'; color: #212121;">changes</font><font style="font-family: 'Times New Roman'; color: #212121;"> in exchange rates.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121;">On </font><font style="font-family: 'Times New Roman'; color: #212121;">March</font><font style="font-family: 'Times New Roman'; color: #212121;"> 3</font><font style="font-family: 'Times New Roman'; color: #212121;">1</font><font style="font-family: 'Times New Roman'; color: #212121;">, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">2</font><font style="font-family: 'Times New Roman'; color: #212121;">1</font><font style="font-family: 'Times New Roman'; color: #212121;"> the balance of </font><font style="font-family: 'Times New Roman'; color: #212121;">foreign </font><font style="font-family: 'Times New Roman'; color: #212121;">exchange hedging instruments designated as net investments </font><font style="font-family: 'Times New Roman'; color: #212121;">hedge </font><font style="font-family: 'Times New Roman'; color: #212121;">in foreign entities, related to </font><font style="font-family: 'Times New Roman'; color: #212121;">part of </font><font style="font-family: 'Times New Roman'; color: #212121;">the investments made in entities </font><font style="font-family: 'Times New Roman'; color: #212121;">which</font><font style="font-family: 'Times New Roman'; color: #212121;"> functional </font><font style="font-family: 'Times New Roman'; color: #212121;">currency </font><font style="font-family: 'Times New Roman'; color: #212121;">is </font><font style="font-family: 'Times New Roman'; color: #212121;">other than the Brazilian Real, totaled US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="font-family: 'Times New Roman'; color: #212121;"> (US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="font-family: 'Times New Roman'; color: #212121;"> on December 31, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">20</font><font style="font-family: 'Times New Roman'; color: #212121;">)</font><font style="font-family: 'Times New Roman'; color: #212121;">.</font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">Mar</font><font style="font-family: 'Times New Roman';">ch</font><font style="font-family: 'Times New Roman'; color: #212121;"> 3</font><font style="font-family: 'Times New Roman'; color: #212121;">1</font><font style="font-family: 'Times New Roman'; color: #212121;">, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">2</font><font style="font-family: 'Times New Roman'; color: #212121;">1</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'; color: #212121;">he</font><font style="font-family: 'Times New Roman'; color: #212121;"> unrealized </font><font style="font-family: 'Times New Roman'; color: #212121;">loss</font><font style="font-family: 'Times New Roman'; color: #212121;"> of &#8220;Other comprehensive income&#8221; is </font><font style="font-family: 'Times New Roman'; color: #212121;">R$ </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';">388</font><font style="font-family: 'Times New Roman'; color: #212121;"> (l</font><font style="font-family: 'Times New Roman'; color: #212121;">oss of R$ </font><font style="font-family: 'Times New Roman';">73</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">108</font><font style="font-family: 'Times New Roman'; color: #212121;"> on December 31, 20</font><font style="font-family: 'Times New Roman'; color: #212121;">20</font><font style="font-family: 'Times New Roman'; color: #212121;">)</font><font style="font-family: 'Times New Roman'; color: #212121;">, net of deferred income and social contribution taxes. The effects of exchange rate </font><font style="font-family: 'Times New Roman'; color: #212121;">changes</font><font style="font-family: 'Times New Roman'; color: #212121;"> on investments and hedg</font><font style="font-family: 'Times New Roman'; color: #212121;">ing</font><font style="font-family: 'Times New Roman'; color: #212121;"> instruments were offset in equity.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #212121; -aw-import: ignore;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>119</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">i. Gains (losses) on </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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The following tables summarize the value of gains (losse</font><font style="font-family: 'Times New Roman';">s) 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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;">03/31/2021</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
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<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;">Profit or loss</font></p>
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<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>
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<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;">Equity</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and commodities</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(115,516)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">c &#8211; Interest rate swaps in R$ </font><font style="font-family: 'Times New Roman';">(iii)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">45,740</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
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<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';">d &#8211; Non-derivative financial instruments (iv)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(578,734)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 64.95pt; 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';">(890,365)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(648,510)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(890,365)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2020</font></p>
</td>
<td style="width: 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: 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; 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>
</tr>
<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; 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; border-top: 0.75pt solid #000000 !important; 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;">Profit or loss</font></p>
</td>
<td style="width: 1pt; 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: 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; border-top: 0.75pt solid #000000 !important; 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;">Equity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and </font><font style="font-family: 'Times New Roman';">commodities</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">413,158</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</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';">(238,750)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">80</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 271.8pt; 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';">c &#8211; Interest rate swaps in R$ (iii)</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">13,235</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">d &#8211; Non-derivative financial instruments (iv)</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';">(598,001)</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'; -aw-import: ignore;">&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';">(737,471)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; 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-weight: bold;">Total</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; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(410,358)</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(737,391)</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>120</font></font></td>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><br><br></p>
<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-style: italic;">j. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Fair </font><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;">alue 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;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">fair values and the carrying values of the financial instruments, including currency and interest rate hedging instruments, are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">stated below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
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<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: 8pt;">&nbsp;</font></p>
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<td colspan="3" 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: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
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<td style="width: 135.75pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Category</font></p>
</td>
<td style="width: 18pt; 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;">Note</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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;">Carrying value</font></p>
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<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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;">Fair</font></p>
<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;">value</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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;">Carrying value</font></p>
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<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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-size: 8pt;">&nbsp;</font></p>
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<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; 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;">Fair</font></p>
<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;">value</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: 10pt;"><font style="font-family: 'Times New Roman';">Financial assets:</font></p>
</td>
<td style="width: 84.7pt; 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">Cash and cash equivalents</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><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: 135.75pt; 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';">Cash and bank</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">4.a</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">459,497</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">459,497</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">405,081</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">405,081</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in local currency</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.a</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,441,797</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">3,441,797</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,241,852</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">2,241,852</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in foreign currency</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.a</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">31,909</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">31,909</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">14,561</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">14,561</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: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments:</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><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: 135.75pt; 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';">Fixed-income securities and funds in local </font><font style="font-family: 'Times New Roman';">currency</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,841,197</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,841,197</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,643,286</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">3,643,286</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">172,063</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">172,063</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">31,315</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">31,315</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Fixed-income securities (guarantee of loans)</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">4.b</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">75,569</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">75,569</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">75,251</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">75,251</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,378,702</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,378,702</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,278,940</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">1,278,940</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,100,314</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,100,314</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">981,874</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">981,874</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Trade Receivables</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">5.a</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,763,313</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">3,738,483</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,391,122</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">3,369,766</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Reseller Financing</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">5.b</font></p>
</td>
<td style="width: 45pt; 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';">945,818</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">942,708</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">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; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">965,645</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">13,210,179</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">13,182,239</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">13,031,666</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">13,007,571</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: 10pt;"><font style="font-family: 'Times New Roman';">Financial liabilities:</font></p>
</td>
<td style="width: 84.7pt; 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financing</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16.a</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,401,214</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,401,214</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,308,928</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">1,308,928</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financing</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">16.a</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">10,174,242</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">10,460,530</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">9,406,013</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">10,186,947</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">16.a</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5,463,575</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">5,419,853</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">5,450,751</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">5,363,621</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">16.a</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,535,515</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,535,515</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,093,365</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">1,093,365</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Leases payable</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">13</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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,793,830</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">1,793,830</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'; -aw-import: ignore;">&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: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,833,288</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">1,833,288</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Commodities, </font><font style="font-family: 'Times New Roman';">currency and interest rate hedging instruments</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">16.a</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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">31,716</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">31,716</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'; -aw-import: ignore;">&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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">117,159</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">117,159</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: 10pt;"><font style="font-family: 'Times New Roman';">Trade payables</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</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: 10pt;"><font style="font-family: 'Times New Roman';">17</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,526,144</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,478,659</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,040,652</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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4,008,457</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; </font><font style="font-family: 'Times New Roman';">indemnification</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">24</font></p>
</td>
<td style="width: 45pt; 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';">75,658</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">75,658</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">86,439</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Total</font></p>
</td>
<td style="width: 84.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">25,001,894</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 48pt; 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';">25,196,975</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 45pt; 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';">23,336,595</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.4pt; 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';">23,998,204</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">The fair value of cash and ba</font><font style="font-family: 'Times New Roman';">nk 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">Financial investments in investment funds are valued at the value of the fund unit as of the date of the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">, 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">Financial investments in CDB</font><font style="font-family: 'Times New Roman';">s (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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">The fair value of trade receivab</font><font style="font-family: 'Times New Roman';">les and trade payables are approximate to their carrying values</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and the Company calculates its fair value </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> methodologies commonly used in the market</font><font style="font-family: 'Times New Roman';">.</font></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">The subscription warrants &#8211; indemnification was measured based on the share price of Ultrapar (UGPA3) at the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> date and are adjusted to the Company&#8217;s dividend yield, since the exercise is only possible starting in 2020 onwards and they a</font><font style="font-family: 'Times New Roman';">re 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 </font><font style="font-family: 'Times New Roman';">prior to January 31, 2014 </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ee Note 24).</font></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'Times New Roman';">The fair value calculation of notes in the foreign market is based on the quoted price in an active market</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Note 16.b).</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value of other financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financing </font><font style="font-family: 'Times New Roman';">and leases payable </font><font style="font-family: 'Times New Roman';">was determined using calculation methodologies commonly used for mark-to-market</font><font style="font-family: 'Times New Roman';"> reporting</font><font style="font-family: 'Times New Roman';">, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates </font><font style="font-family: 'Times New Roman';">as of the date of the </font><font style="font-family: 'Times New Roman';">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';"> 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The interpretation of market information on t</font><font style="font-family: 'Times New Roman';">he choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed appropriate to each situation. Consequently, the estimates presented do not necessary indicate the amounts that may be realiz</font><font style="font-family: 'Times New Roman';">able</font><font style="font-family: 'Times New Roman';"> in the current market.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial instruments were classified as financial </font><font style="font-family: 'Times New Roman';">assets or </font><font style="font-family: 'Times New Roman';">liabilities measured at amortized cost, except (i) all exchange rate and interest rate hedging instruments, which are measured at fair value through profit or loss, fina</font><font style="font-family: 'Times New Roman';">ncial investments classified as measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> financial investments that are classified as </font><font style="font-family: 'Times New Roman';">measured at fair value through other comprehensive income</font><font style="font-family: 'Times New Roman';"> (see Note 4</font><font style="font-family: 'Times New Roman';">.b</font><font style="font-family: 'Times New Roman';">), (</font><font style="font-family: 'Times New Roman';">ii</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">loans and financing </font><font style="font-family: 'Times New Roman';">measured at fair value through</font><font style="font-family: 'Times New Roman';"> profit or loss (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">iii</font><font style="font-family: 'Times New Roman';">) guarantees to customers that have vendor arrangements (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">), which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and (</font><font style="font-family: 'Times New Roman';">iv</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">subscription warrants &#8211; </font><font style="font-family: 'Times New Roman';">indemnification</font><font style="font-family: 'Times New Roman';">, which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Cash, banks</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> trade receivables</font><font style="font-family: 'Times New Roman';"> and reseller financing</font><font style="font-family: 'Times New Roman';"> are classified as </font><font style="font-family: 'Times New Roman';">measured at amortized cost</font><font style="font-family: 'Times New Roman';">. Trade payables</font><font style="font-family: 'Times New Roman';">, leases</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">and other payables are classified as financial liabilities measured at amortized cost.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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-style: italic;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;"><br></font></p>
<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-style: italic;">j.1 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Fair </font><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;">alue </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;">ierarchy 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;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial instruments are classified in the following categories:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</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';">(a) </font><font style="font-family: 'Times New Roman';">Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></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'; -aw-import: ignore;">&nbsp;</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';">(b) </font><font style="font-family: 'Times New Roman';">Level 2 </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">categories </font><font style="font-family: 'Times New Roman';">of the financial assets and financ</font><font style="font-family: 'Times New Roman';">ial liabilities:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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;">Category</font></p>
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<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;">Note</font></p>
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<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;">03/31/2021</font></p>
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<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>
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<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;">Level 1</font></p>
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<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>
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<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;">Level 2</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial assets:</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash and cash equivalents</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">4.a</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">459,497</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value </font><font style="font-family: 'Times New Roman';">through other comprehensive income</font></p>
</td>
<td style="width: 18pt; 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';">4.a</font></p>
</td>
<td style="width: 42.2pt; 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';">3,441,797</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">3,441,797</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.a</font></p>
</td>
<td style="width: 42.2pt; 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';">31,909</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">31,909</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></p>
</td>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><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: 135.75pt; 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';">Fixed-income securities and funds in local </font><font style="font-family: 'Times New Roman';">currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">1,841,197</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,841,197</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">172,063</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">172,063</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Fixed-income securities </font><font style="font-family: 'Times New Roman';">(guarantee of loans)</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">75,569</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">1,378,702</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">33,044</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,345,658</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Currency and interest rate hedging and </font><font style="font-family: 'Times New Roman';">commodities instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">1,100,314</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,100,314</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">3,738,483</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">942,708</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">13,182,239</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">1,401,214</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,401,214</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">16.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: 10pt;"><font style="font-family: 'Times New Roman';">10,460,530</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">5,419,853</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">1,535,515</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,535,515</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">1,793,830</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">Measured at fair value </font><font style="font-family: 'Times New Roman';">through profit or loss</font></p>
</td>
<td style="width: 18pt; 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';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">31,716</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">31,716</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">4,478,659</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification </font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">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: 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';">75,658</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">75,658</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">25,196,975</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'>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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 359px; width: 100%;" width="100%">

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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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;">Category</font></p>
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<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;">Note</font></p>
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<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;">12/31/2020</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<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;">Level 1</font></p>
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<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>
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<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;">Level 2</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial assets:</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
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<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: 10pt;"><font style="font-family: 'Times New Roman';">Cash and cash equivalents</font></p>
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<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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value </font><font style="font-family: 'Times New Roman';">through other comprehensive income</font></p>
</td>
<td style="width: 18pt; 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';">4.a</font></p>
</td>
<td style="width: 42.2pt; 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';">2,241,852</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">2,241,852</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.a</font></p>
</td>
<td style="width: 42.2pt; 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';">14,561</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">14,561</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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'; -aw-import: ignore;">&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: 10pt;"><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: 135.75pt; 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';">Fixed-income securities and funds in local </font><font style="font-family: 'Times New Roman';">currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">3,643,286</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">3,643,286</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">31,315</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">31,315</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Fixed-income securities </font><font style="font-family: 'Times New Roman';">(guarantee of loans)</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">75,251</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">1,278,940</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">30,245</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,248,695</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Currency and interest rate hedging and </font><font style="font-family: 'Times New Roman';">commodities instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">4.b</font></p>
</td>
<td style="width: 42.2pt; 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';">981,874</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">13,007,571</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&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-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">1,308,928</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">1,308,928</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">16.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: 10pt;"><font style="font-family: 'Times New Roman';">10,186,947</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">1,093,365</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">Measured at fair value </font><font style="font-family: 'Times New Roman';">through profit or loss</font></p>
</td>
<td style="width: 18pt; 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';">16.a</font></p>
</td>
<td style="width: 42.2pt; 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';">117,159</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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'; -aw-import: ignore;">&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: 10pt;"><font style="font-family: 'Times New Roman';">-</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-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification </font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1)</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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: 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';">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: 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';">86,439</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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></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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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';">86,439</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 135.75pt; 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-weight: bold;">Total</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 18pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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; font-size: 10pt;"><font style="font-family: 'Times New Roman';">23,998,204</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 6pt; vertical-align: super;">(1) </font><font style="font-family: 'Times New Roman';">Refers to subscription warrants issued by the Company in the Extrafarma acquisition.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&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'>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>
<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-style: italic;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></p>
<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-style: italic;">k. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Sensitivity </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;">nalysis</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;">d</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">erivative </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;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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 </font><font style="font-family: 'Times New Roman';">risks associated with financial instruments,</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font><font style="font-family: 'Times New Roman';">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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the sensitivity analysis of foreign exchange hedging instruments</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, management adopted as a </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario the Real/U.S. dollar </font><font style="font-family: 'Times New Roman';">exchange rates at maturity of each swap, projected by U.S dollar futures contracts quoted on </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">. As a reference, the exchange rate for the last maturity of foreign exchange hedging instruments is R$ </font><font style="font-family: 'Times New Roman';">9.6</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';">(R$ </font><font style="font-family: 'Times New Roman';">8.23</font><font style="font-family: 'Times New Roman';"> as of December 31, 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 the </font><font style="font-family: 'Times New Roman';">b</font><font style="font-family: 'Times New Roman';">ase</font><font style="font-family: 'Times New Roman';"> scenario. Scenarios II and III were estimated with</font><font style="font-family: 'Times New Roman';"> a 25% and 50% additional appreciation or depreciation of the </font><font style="font-family: 'Times New Roman';">Brazilian </font><font style="font-family: 'Times New Roman';">Real against the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the balances of the hedging i</font><font style="font-family: 'Times New Roman';">nstruments and hedged items as of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, the exchange rates were replaced, and the changes between the new balance in Brazilian Reais and the </font><font style="font-family: 'Times New Roman';">original </font><font style="font-family: 'Times New Roman';">balance in Brazilian Reais were calculated in each of the three scenarios. The table below shows the change in the values of the main derivative</font><font style="font-family: 'Times New Roman';"> 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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">03/31/2021</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
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<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;">Scenario I Base</font></p>
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<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>
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<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;">Scenario II</font></p>
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<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>
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<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;">Scenario III</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1) U.S. Dollar / Real swaps</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar appreciation</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,256,378</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.8992%; 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';">2,587,969</font></p>
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<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.9642%; 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';">3,811,068</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2) Debts / firm commitments in dollars</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,272,248)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.8992%; 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';">(2,603,839)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.9642%; 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';">(3,826,938)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(1)+(2)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net effect in result</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(15,870)</font></p>
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<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">(15,870)</font></p>
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<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">(15,870)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Currency swaps payable in U.S. dollars</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 34.8081%; 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';">(3) Real / U.S. Dollar swaps</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
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<td style="width: 14.8341%; 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';">(34,861)</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">(521,462)</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">(1,008,063)</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(4) Gross margin of </font><font style="font-family: 'Times New Roman';">Oxiteno/Ipiranga</font></p>
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<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 16.3956%; height: 10px; background-color: #cceeff;"><br></td>
<td style="width: 14.8341%; 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';">34,861</font></p>
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<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">521,462</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">1,008,063</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 34.8081%; 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-weight: bold;">(3)+(4)</font></p>
</td>
<td style="width: 16.3956%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.8341%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 34.8081%; 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-weight: bold;">Cash Flow Hedge</font></p>
</td>
<td style="width: 16.3956%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8341%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 34.8081%; 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';">(1) Cash Flow Hedge</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 16.3956%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
</td>
<td style="width: 14.8341%; 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';">472,256</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">1,228,216</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">1,984,175</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 34.8081%; 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';">(2) Debts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 16.3956%; height: 10px; background-color: #cceeff;"><br></td>
<td style="width: 14.8341%; 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';">(472,256)</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">(1,228,216)</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">(1,984,175)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 34.8081%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 16.3956%; 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';">Net effect in equity</font></p>
</td>
<td style="width: 14.8341%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 34.8081%; 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-weight: bold;">Net Investment</font></p>
</td>
<td style="width: 16.3956%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8341%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 34.8081%; 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';">(1) Net Investment Hedge</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 16.3956%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
</td>
<td style="width: 14.8341%; 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';">224,532</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">415,976</font></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">607,420</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 34.8081%; 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';">(2) Debts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 16.3956%; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 14.8341%; 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';">(224,532)</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; 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';">(415,976)</font></p>
</td>
<td style="width: 2.01692%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; 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';">(607,420)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 34.8081%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 16.3956%; 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';">Net effect in equity</font></p>
</td>
<td style="width: 14.8341%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.8992%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 2.01692%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.9642%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; 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"><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>
<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: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 158px; width: 99.9349%;" width="100%">

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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
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<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;">Scenario I Base</font></p>
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<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>
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<td style="width: 14.5738%; 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;">Scenario II</font></p>
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<td style="width: 1.95185%; 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>
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<td style="width: 14.6389%; 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;">Scenario III</font></p>
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<td style="width: 36.825%; 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-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="width: 15.4847%; 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'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.5088%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 36.825%; 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';">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 15.4847%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar appreciation</font><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5088%; 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';">1,013,826</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; 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';">1,522,343</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; 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';">2,030,860</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 36.825%; 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';">(2) Debts / firm commitments in dollars</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4847%; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 14.5088%; 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';">(1,013,824)</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; 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';">(1,522,330)</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; 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';">(2,030,835)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 36.825%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 15.4847%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.5088%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">2</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">13</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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';">25</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 36.825%; 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-weight: bold;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="width: 15.4847%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5088%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 36.825%; 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';">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 15.4847%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
</td>
<td style="width: 14.5088%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">59</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">17,877</font></p>
</td>
<td style="width: 1.95185%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">35,694</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 36.825%; 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';">(4) Gross margin of Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4847%; height: 10px; background-color: #cceeff;"><br></td>
<td style="width: 14.5088%; 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';">(59)</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; 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';">(17,877)</font></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; 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';">(35,694)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 36.825%; 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-weight: bold;">(3)+(4)</font></p>
</td>
<td style="width: 15.4847%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.5088%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5738%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.95185%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.6389%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 153px;" width="100%">

<tr style="height: 19px;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><br></p>
</td>
<td style="width: 15.4197%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Cash Flow Hedge</font></p>
</td>
<td style="width: 15.4197%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1) Cash Flow Hedge</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4197%; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">368</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">439</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; 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';">042</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">394</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; 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';">716</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">350</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2) Debts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4197%; height: 19px; background-color: #cceeff;"><br></td>
<td style="width: 14.4438%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(368</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">439)</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; 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';">042</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">394)</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; 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';">716</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">350)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 15.4197%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net effect in equity</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Net Investment</font></p>
</td>
<td style="width: 15.4197%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1) Net Investment Hedge</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4197%; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Dollar devaluation</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">170</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">315</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">336</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">315</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">502</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">316</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(2) Debts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 15.4197%; height: 19px; background-color: #cceeff;"><br></td>
<td style="width: 14.4438%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(170</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">315)</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(336</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">315)</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(502</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">316)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 36.7599%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 15.4197%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net effect in equity</font></p>
</td>
<td style="width: 14.4438%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 2.08198%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.704%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.95186%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.5739%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For sensitivity analysis of </font><font style="font-family: 'Times New Roman';">hedging instruments for </font><font style="font-family: 'Times New Roman';">interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';"> as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, 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</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ed the future</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> curve of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">DI x Pre contract quoted on B3 </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">March</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';">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';">for each </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">swap and debt (hedged item)</font><font style="font-family: 'Times New Roman';"> maturities</font><font style="font-family: 'Times New Roman';">, to determine the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Scenarios II and III were estimated </font><font style="font-family: 'Times New Roman';">based on</font><font style="font-family: 'Times New Roman';"> a 25% and 50% </font><font style="font-family: 'Times New Roman';">deterioration</font><font style="font-family: 'Times New Roman';">, respectively,</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario pre-fixed interest rate</font><font style="font-family: 'Times New Roman';">.</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>126</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt 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: 10pt;"><font style="font-family: 'Times New Roman';"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the three scenarios of interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company estimated the </font><font style="font-family: 'Times New Roman';">values</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> debt and hedging instruments according to the risk </font><font style="font-family: 'Times New Roman';">which</font><font style="font-family: 'Times New Roman';"> is being hedged (</font><font style="font-family: 'Times New Roman';">variations in the pre-fixed</font><font style="font-family: 'Times New Roman';"> interest ra</font><font style="font-family: 'Times New Roman';">te</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais)</font><font style="font-family: 'Times New Roman';">, by projecting </font><font style="font-family: 'Times New Roman';">them to future value </font><font style="font-family: 'Times New Roman';">at the</font><font style="font-family: 'Times New Roman';"> contracted rates and bringing them to present value </font><font style="font-family: 'Times New Roman';">at</font><font style="font-family: 'Times New Roman';"> the interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">estimated</font><font style="font-family: 'Times New Roman';"> scenarios. </font><font style="font-family: 'Times New Roman';">The result</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">shown</font><font style="font-family: 'Times New Roman';"> in the table below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<tr style="height: 10px;">
<td style="width: 35.784%; 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-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 17.892%; 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; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="width: 14.1184%; 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'; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
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<td style="width: 1.88679%; 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="width: 14.1184%; 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'; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="width: 1.88679%; 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="width: 14.2485%; 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'; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
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<td style="width: 35.784%; 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-weight: bold;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
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<td style="width: 17.892%; 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'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
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<tr style="height: 17px;">
<td style="width: 35.784%; 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';">(1) Fixed rate swap - DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 17.892%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Decrease in Pre-fixed rate</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(511,521)</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(412,731)</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman';">(301,180)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 35.784%; 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';">(2) Fixed rate debt</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 17.892%; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 14.1184%; 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';">511,521</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; 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';">412,731</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; 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';">301,180</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 35.784%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 17.892%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<tr style="height: 10px;">
<td style="width: 35.784%; 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-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 17.892%; 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; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
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<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;">Scenario I Base</font></p>
</td>
<td style="width: 1.88679%; 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="width: 14.1184%; 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'; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="width: 1.88679%; 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="width: 14.2485%; 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'; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 35.784%; 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-weight: bold;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="width: 17.892%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 35.784%; 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';">(1) Fixed rate swap - DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 17.892%; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Decrease in Pre-fixed rate</font></p>
</td>
<td style="width: 14.1184%; 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';">(39,412)</font></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; 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';">(230,705)</font></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; 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';">(187,597)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 35.784%; 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';">(2) Fixed rate debt</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 17.892%; height: 17px; background-color: #cceeff;"><br></td>
<td style="width: 14.1184%; 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';">39,412</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; 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';">230,705</font></p>
</td>
<td style="width: 1.88679%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; 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';">187,597</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 35.784%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 17.892%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.88679%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2485%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the sensitivity analysis of the commodity price swings hedging instruments on </font><font style="font-family: 'Times New Roman';">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';"> and December 31, 2019</font><font style="font-family: 'Times New Roman';">, the Company used the futures heating oil contracts quoted on NYMEX. Scenarios II and III were est</font><font style="font-family: 'Times New Roman';">imated based on 25% and 50% deterioration, respectively, of the </font><font style="font-family: 'Times New Roman';">base</font><font style="font-family: 'Times New Roman';"> scenario commodity price.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the balances of the hedging instruments and the objects hedged on </font><font style="font-family: 'Times New Roman';">March</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';">, 202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, prices were substituted and the </font><font style="font-family: 'Times New Roman';">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</font><font style="font-family: 'Times New Roman';"> the variations in commodity prices in the different scenarios:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 99.8699%;" width="100%">

<tr style="height: 10px;">
<td style="width: 35.0033%; 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-weight: bold; font-size: 8pt;">03/31/2021</font></p>
</td>
<td style="width: 18.8016%; 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; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="width: 14.184%; 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'; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="width: 1.82173%; 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="width: 14.2491%; 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'; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="width: 1.62629%; 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="width: 14.2489%; 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'; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 35.0033%; 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-weight: bold;">NDF Commodities</font></p>
</td>
<td style="width: 18.8016%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.82173%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2491%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.62629%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2489%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 35.0033%; 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';">(1) NDF Commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 18.8016%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Decrease in Commodities Price</font></p>
</td>
<td style="width: 14.184%; 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></p>
</td>
<td style="width: 1.82173%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2491%; 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';">1,069,726</font></p>
</td>
<td style="width: 1.62629%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2489%; 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';">2,139,452</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 35.0033%; 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';">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 18.8016%; height: 10px; background-color: #cceeff;"><br></td>
<td style="width: 14.184%; 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></p>
</td>
<td style="width: 1.82173%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2491%; 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';">(1,069,726)</font></p>
</td>
<td style="width: 1.62629%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2489%; 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';">(2,139,452)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 35.0033%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 18.8016%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.184%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.82173%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2491%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.62629%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.2489%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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: 99.8699%; height: 65px;" width="100%">

<tr style="height: 10px;">
<td style="width: 35.0033%; 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-weight: bold; font-size: 8pt;">12/31/2020</font></p>
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<td style="width: 18.997%; 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; text-decoration: underline; font-size: 8pt;">Risk</font></p>
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<td style="width: 14.1189%; 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'; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
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<td style="width: 1.95203%; 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="width: 14.1188%; 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'; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="width: 1.56114%; 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="width: 14.1838%; 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'; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 35.0033%; 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-weight: bold;">NDF Commodities</font></p>
</td>
<td style="width: 18.997%; 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'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 14.1189%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.95203%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1188%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.56114%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1838%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 35.0033%; 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';">(1) NDF Commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 18.997%; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Decrease in Commodities Price</font></p>
</td>
<td style="width: 14.1189%; 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></p>
</td>
<td style="width: 1.95203%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1188%; 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';">551,794</font></p>
</td>
<td style="width: 1.56114%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1838%; 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';">1,103,589</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 35.0033%; 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';">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 18.997%; height: 10px; background-color: #cceeff;"><br></td>
<td style="width: 14.1189%; 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></p>
</td>
<td style="width: 1.95203%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1188%; 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';">(551,794)</font></p>
</td>
<td style="width: 1.56114%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1838%; 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';">(1,103,589)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 35.0033%; 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-weight: bold;">(1)+(2)</font></p>
</td>
<td style="width: 18.997%; 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';">Net effect in result</font></p>
</td>
<td style="width: 14.1189%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.95203%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1188%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
<td style="width: 1.56114%; 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'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 14.1838%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; 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></p>
</td>
</tr>

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

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>127</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><br></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: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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-family: 'Times New Roman';">34. Commitments (Consolidated)</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Contracts</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.1</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">Subsidiary Tequimar has agreements with CODEBA</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with the</font><font style="font-family: 'Times New Roman';"> Complexo Industrial Portu&#225;rio Governador Eraldo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Gueiros</font><font style="font-family: 'Times New Roman';"> and with the company Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in connection with its port facilities in Aratu</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> Suape</font><font style="font-family: 'Times New Roman';"> and Itaqui</font><font style="font-family: 'Times New Roman';">, respectively. Such agreements establish a minimum cargo movement of products, as shown below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<tr style="height: 11.35pt;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom;">
<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;">Port</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; 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;">Minimum movement per year</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; 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;">Maturity</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; 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';">Aratu</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; 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';">900</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; 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';">2022</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Suape</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2027</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; 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';">Suape</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; 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';">400</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">000</font><font style="font-family: 'Times New Roman';"> ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; 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';">2029</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Aratu</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">397,000 ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2031</font></p>
</td>
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<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; 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';">Itaqui</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; 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';">1,222,377 m&#179;</font></p>
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<td style="width: 100.95pt; padding-right: 2.15pt; 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';">2049</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port </font><font style="font-family: 'Times New Roman';">tariff rates in effect on the date established for p</font><font style="font-family: 'Times New Roman';">ayment. </font><font style="font-family: 'Times New Roman';">As of </font><font style="font-family: 'Times New Roman';">March</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';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, these rates were R$ </font><font style="font-family: 'Times New Roman';">8.37</font><font style="font-family: 'Times New Roman';"> and R$ </font><font style="font-family: 'Times New Roman';">2.</font><font style="font-family: 'Times New Roman';">67</font><font style="font-family: 'Times New Roman';"> per ton for Aratu and Suape</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">respectively</font><font style="font-family: 'Times New Roman';"> and R$ 0.7</font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';"> per m&#179; for Itaqui</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">According to contractual conditions and tolerances, </font><font style="font-family: 'Times New Roman';">on </font><font style="font-family: 'Times New Roman';">March 31, 2021 </font><font style="font-family: 'Times New Roman';">there were not material pending</font><font style="font-family: 'Times New Roman';"> issues</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">regarding the minimum purchase</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">limits</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';">the </font><font style="font-family: 'Times New Roman';">contract</font><font style="font-family: 'Times New Roman';">.</font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt 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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(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: 10pt;"><br><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.2</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Oxiteno </font><font style="font-family: 'Times New Roman';">S.A. </font><font style="font-family: 'Times New Roman';">has a supply agreement with Braskem S.A. which establishes</font><font style="font-family: 'Times New Roman';"> and regulates</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">conditions for the supply of ethylene</font><font style="font-family: 'Times New Roman';"> to Oxiteno based on the international market for this product</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">These contracts establish a minimum commitment to according to the table below:</font><font style="font-family: 'Times New Roman';"> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
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<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;">Plant</font></p>
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<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;">Minimum purchase (tons) per year</font></p>
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<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;">Maturity</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cama&#231;ari</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">205,000</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2021</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Mau&#225;</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">44,100</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman';">2023</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">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, </font><font style="font-family: 'Times New Roman';">on March 31, 2021 </font><font style="font-family: 'Times New Roman';">there are no material iss</font><font style="font-family: 'Times New Roman';">ues regarding the minimum purchase commitment.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">b. Insurance coverage</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company </font><font style="font-family: 'Times New Roman';">is supported by </font><font style="font-family: 'Times New Roman';">insurance policies with the objective of covering several risks to which it is exposed</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><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';">insurance policies </font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">he maximum compensation values based on the risk analysis of </font><font style="font-family: 'Times New Roman';">certain locations</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The General Liability Insurance program covers the Company and its subsidiaries with a maximum aggregate coverage of US$ </font><font style="font-family: 'Times New Roman';">250</font><font style="font-family: 'Times New Roman';"> million</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company </font><font style="font-family: 'Times New Roman';">maintain</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> liability insurance policies</font><font style="font-family: 'Times New Roman';"> for directors,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">executive officers and council&nbsp;</font><font style="font-family: 'Times New Roman';">to indemnify </font><font style="font-family: 'Times New Roman';">Ultrapar and its subsidiaries</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">in the total amount of US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">0 million</font><font style="font-family: 'Times New Roman';">.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">Since February 2020, Ultrapar has maintained a cyber risk policy with a hedge value of up to R$ </font><font style="font-family: 'Times New Roman';">100 million.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">In addition, group life and personal accident, health and national and international transportation</font><font style="font-family: 'Times New Roman';">&nbsp;and other insurance policies are also maintained.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">The coverage and limit of the insurance policies are based on a careful study </font><font style="font-family: 'Times New Roman';">of risks and losses conducted by independent insurance advisors</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he </font><font style="font-family: 'Times New Roman';">type of insurance is considered by management to be sufficient to cover potential losses based on the nature of the business conducted by the companies.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>129</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 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: 10pt;"><font style="font-family: 'Times New Roman';"><br>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</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';">&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: 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<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Interim<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Information</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';">&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: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<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-style: italic;">c. Area port lease</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On March 22, 2019, Ultrapar, through its subsidiary IPP, won the port concessions of three areas with minimum storage capacity of 64 </font><font style="font-family: 'Times New Roman';">thousand m&#179; (not reviewed) </font><font style="font-family: 'Times New Roman';">located </font><font style="font-family: 'Times New Roman';">at the port of Cabedelo, in the state of Para&#237;ba, and one area with minimum storage capa</font><font style="font-family: 'Times New Roman';">city 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 th</font><font style="font-family: 'Times New Roman';">e total participation. </font><font style="font-family: 'Times New Roman';">For the port of Cabedelo, the companies Nordeste Log&#237;stica I, Nordeste Log&#237;stica II and Nordeste Log&#237;stica III were </font><font style="font-family: 'Times New Roman';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. </font><font style="font-family: 'Times New Roman';">For the port of Vit&#243;ria, </font><font style="font-family: 'Times New Roman';">the company </font><font style="font-family: 'Times New Roman';">Navegantes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was </font><font style="font-family: 'Times New Roman';">incorporated, in partnership</font><font style="font-family: 'Times New Roman';"> with Ra&#237;zen</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Combust&#237;vel S.A. and Petrobr&#225;s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Distribuidora</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he total investments regarding IPP&#8217;s stake sums up to R$160 million (not reviewed) for a concession term of 25 years.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On April 5, 2019, C</font><font style="font-family: 'Times New Roman';">ompany, through its subsidiary IPP and </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';">, also won three concessions. IPP won two concessions</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the port of Miramar, in Bel&#233;m, state of Par&#225;: (i) area BEL02A, through a consortium 50% owned by IPP,that shall have minimum storage capacity of 41 thou</font><font style="font-family: 'Times New Roman';">sand m&#179;, and (ii) area BEL04, which is currently operated by IPP with minimum storage capacity of 23 thousand m&#179;. Such areas will be operated for at least 15 years, according to the auction notice.</font><font style="font-family: 'Times New Roman';"> For the area BEL02</font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">, Latitude was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';">, together with Petr&#243;leo</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sabb&#225;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A.</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">equimar</font><font style="font-family: 'Times New Roman';"> won the concession of area VDC12 in the port of Vila do Conde, in Barcarena, state of Par&#225;. The minimum storage capacity will be 59 thousand m&#179;. The area will be operated by </font><font style="font-family: 'Times New Roman';">Tequi</font><font style="font-family: 'Times New Roman';">m</font><font style="font-family: 'Times New Roman';">ar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for at least 25 years, accord</font><font style="font-family: 'Times New Roman';">ing to the auction notice.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For the area VDC12, Tequimar Vila do Conde was </font><font style="font-family: 'Times New Roman';">incorporated</font><font style="font-family: 'Times New Roman';"> (see Note 3.</font><font style="font-family: 'Times New Roman';">b</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he estimated investments regarding the participation of IPP and </font><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> sums up to R$ 450 million, approximately, to be disbur</font><font style="font-family: 'Times New Roman';">sed throughout the next five years</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">including the auction grants and the minimum investment required for these areas.&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&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';">3</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';">Subsequent events</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<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-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">. Port concessions</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman';">On April</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">9, 2021, </font><font style="font-family: 'Times New Roman';">the subsidiarie </font><font style="font-family: 'Times New Roman';">Ultracargo was awarded the concession of IQI13 area in the Itaqui port, state of </font><font style="font-family: 'Times New Roman';">Maranh&#227;o, for storage and handling of liquid bulk products, specially fuels. The minimum installed capacity will be 79</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">thousand cubic meters. The area will be operated by Ultracargo for at least 20</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">years, according to the auction notice. The estimated inve</font><font style="font-family: 'Times New Roman';">stments regarding this port concession is approximately R$310</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">million, to be disbursed throughout the next six</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">years.</font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">S&#227;o </font><font style="font-weight: bold;">Paulo, </font><font style="font-weight: bold;">May </font><font style="font-weight: bold;">5, 2021</font> &#8211; <font style="font-weight: bold; color: #051273;">Ultrapar</font><font style="font-weight: bold; color: #051273;"> </font><font style="font-weight: bold; color: #051273;">P</font><font style="font-weight: bold; color: #051273;">a</font><font style="font-weight: bold; color: #051273;">rticipa&#231;&#245;es</font><font style="font-weight: bold; color: #051273;"> S.A</font><font style="font-weight: bold; color: #051273;">.</font><font style="color: #051273;"> </font>(&#8220;Company&#8221;, &#8220;Ultra Group&#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 <a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="Bqq1_CHH60XUXYO00000000000000000000" class="customBookmark">results</a> for the first quarter of 2021.</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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">Adjusted </font><font style="font-weight: bold; color: #404040;">EBITDA</font></font></p>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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;">4</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">bil</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">996</font></font><br><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">mil</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<td style="width: 138.9pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; margin-left: 0.1px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">137</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">m</font><font style="font-weight: bold; color: #404040;">il</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<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>
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<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>
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<td style="width: 138.95pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">Investment</font><font style="font-weight: bold; color: #404040;">s</font></font></p>
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<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;">Cash flow from operations</font></p>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">R$</font><font style="font-weight: bold; color: #404040;"> </font><font style="font-weight: bold; color: #404040;">2</font><font style="font-weight: bold; color: #404040;">94</font></font><br><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">mil</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">1</font><font style="font-weight: bold; color: #404040;">28</font></font><br><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">m</font><font style="font-weight: bold; color: #404040;">il</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<td style="width: 138.9pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; margin-left: 0.1px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><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;">4</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #404040;">b</font><font style="font-weight: bold; color: #404040;">il</font><font style="font-weight: bold; color: #404040;">lion</font></font></p>
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<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;">&nbsp;</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: #051273; 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-weight: bold; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
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<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-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic;">Resilience of Ultrapar&#8217;s</font><font style="font-style: italic;"> portfolio, with </font><font style="font-weight: bold; font-style: italic;">EBITDA growth in all businesses compared</font><font style="font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-weight: bold; font-style: italic;">to 1Q20</font><font style="font-style: italic;">, despite the continuity of the pandemic and the beginning of a new wave of restrictions.</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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; font-style: italic;">Record </font><font style="font-weight: bold; font-style: italic;">recurring </font><font style="font-weight: bold; font-style: italic;">quarterly results</font><font style="font-style: italic;"> for Ultracargo</font><font style="font-style: italic;"> and </font><font style="font-style: italic;">Oxiteno</font><font style="font-style: italic;">, and record for </font><font style="font-style: italic;">Ultragaz</font><font style="font-style: italic;"> </font><font style="font-style: italic;">for</font><font style="font-style: italic;"> first quarters.</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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; font-style: italic;">Renewal of the Board of Directors</font><font style="font-style: italic;">, with the election of three new members, bringing complementary experiences and skills to Ultrapar&#8217;s strategy and future.</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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; font-style: italic;">Ultracargo<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; 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;">&#8217;</font>s&nbsp;winning bid</font><font style="font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-weight: bold; font-style: italic;">at the IQI13 area in the port of Itaqui</font><font style="font-weight: bold; font-style: italic;">&nbsp;(MA)</font><font style="font-weight: bold; font-style: italic;">, </font><font style="font-style: italic;">where it will build </font><font style="font-weight: bold; font-style: italic;">a terminal </font><font style="font-weight: bold; font-style: italic;">of liquid bulk</font><font style="font-weight: bold; font-style: italic;"> products</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">with a minimum installed capacity of 79 thousand m</font><font style="font-weight: bold; font-style: italic;">&#179;</font><font style="font-style: italic;">, consolidating its position in a key port </font><font style="font-style: italic;">aligned with</font><font style="font-style: italic;"> its strategy of expansion and profitability.</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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; font-style: italic;">Creation of the Sustainability and Corporate Affairs </font><font style="font-weight: bold; font-style: italic;">executive position</font><font style="font-style: italic;">, to </font><font style="font-style: italic;">accelerate </font><font style="font-style: italic;">and </font><font style="font-style: italic;">integrate </font><font style="font-style: italic;">Ultra Group&#8217;s </font><font style="font-style: italic;">efforts and </font><font style="font-style: italic;">initiatives into a </font><font style="font-style: italic;">unified </font><font style="font-style: italic;">agenda</font><font style="font-style: italic;"> with broad visibility</font><font style="font-style: italic;">, with clearly defined ESG goals to be</font><font style="font-style: italic;">&nbsp;disclosed&nbsp;</font><font style="font-style: italic;">in 2021.</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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; font-style: italic;">First event of the Ultra Series &#8211; Meet </font><font style="font-weight: bold; font-style: italic;">Ultrapar&#8217;s</font><font style="font-weight: bold; font-style: italic;"> Leaders</font><font style="font-style: italic;">, with </font><font style="font-style: italic;">D&#233;cio</font><font style="font-style: italic;"> Amaral, CEO of Ultracargo, to </font><font style="font-style: italic;">detail </font><font style="font-style: italic;">business growth opportunities and initiatives for productivity gains. The series of events aims to promote more transparency and greater exposure of the strategy</font><font style="font-style: italic;">, the perspectives</font><font style="font-style: italic;"> and </font><font style="font-style: italic;">the </font><font style="font-style: italic;">business executives to the capital markets.</font></font></li>
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<div style="font-family: 'times new roman', times; font-size: 10pt;"><br></div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>131</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imghxnslkzfvjq06353169.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px;"><img src="imguigd4ichscz06353169.jpg" style="float: right;" alt="Graphics"></td>
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<br>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<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: #051273;">Considerations on the financial and operational information</font></p>
</td>
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<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; break-inside: avoid; line-height: 1.2; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial information presented in this document was prepared in accordance with the 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 are presented 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 numerical sum of the amounts that precede them.</font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; break-inside: avoid; line-height: 1.2; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial information presented 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-top: 6pt; margin-bottom: 0pt; text-align: justify; break-inside: avoid; line-height: 1.2; font-size: 9pt;"><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 by the amortization of contractual assets with customers &#8211; exclusive rights and by the cash flow hedge from bonds; and EBIT &#8211; Earnings Before Interest and Taxes on Income and Social Contribution on Net Income are presented in accordance to Instruction No. 527, issued by the Brazilian Securities and Exchange Commission &#8211; CVM on October 4, 2012. The calculation of EBITDA based on net income 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;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 422px; border-collapse: collapse; width: 100%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td height="21" style="height: 15px; width: 350px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 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="width: 23px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td colspan="5" style="border: 1pt solid #bfbfbf; width: 255px; padding-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 5px; width: 80px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 5px; width: 7px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 5px; width: 78px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 5px; width: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 5px; width: 78px;"></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: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 22px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="width: 79px; padding-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q21<font style="mso-spacerun: yes;">&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: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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: 80px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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: 78px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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: 78px;"></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: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>137.4</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.9</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: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) 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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.0</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; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>137.1</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; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.7</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) 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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>333.7</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.6</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; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(136.5)</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) 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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>332.7</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>303.7</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: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>326.7</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: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 22px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 79px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>904.8</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; background: white; height: 13px; width: 6px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>777.3</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; height: 13px; width: 4px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>836.4</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: 339px;"></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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; width: 80px; 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: 6px; width: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; width: 78px; 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: 6px; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 6px; width: 78px; 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: #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: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 80px; 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; width: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 78px; 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; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 78px; text-align: right;"></td>
</tr>
<tr style="height: 27px;">
<td height="36" style="height: 27px; width: 339px; 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; font-size: 9pt;">(+) Amortization of contractual assets with customers - exclusive rights (Ipiranga)</font></td>
<td style="width: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 27px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.8</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; height: 27px; width: 7px; 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; height: 27px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>82.5</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; height: 27px; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 27px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.6</font></td>
</tr>
<tr style="height: 27px;">
<td height="36" style="height: 27px; width: 339px; 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; font-size: 9pt;">(+) Amortization of contractual assets with customers - exclusive rights (Ultragaz)</font></td>
<td style="width: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 27px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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; height: 27px; width: 7px; 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; height: 27px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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; background: white; height: 27px; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; height: 27px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(+) <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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.6</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; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</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: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 80px; 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: 6px; width: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 78px; 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: 6px; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 78px; 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; width: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 79px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>996.3</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; height: 13px; width: 6px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>879.8</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; background: white; height: 13px; width: 4px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.2</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.0</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.5</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.5</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>226.9</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>192.6</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>563.0</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.9</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.5</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding&#185;/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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(47.9)</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(39.0)</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</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: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 80px; 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: 6px; width: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 78px; 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: 6px; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 78px; 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: #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: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 80px; 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; width: 7px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 78px; 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; width: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 78px; text-align: right;"></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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(-) 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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(70.9)</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: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.8)</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: 350px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; width: 80px; 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: 6px; width: 7px; 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: 6px; width: 78px; 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: 6px; width: 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: 6px; width: 78px; 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; width: 350px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Recurring 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: 22px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 79px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>996.3</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; height: 13px; width: 6px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>808.9</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; background: white; height: 13px; width: 4px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 77px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>864.6</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.2</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.0</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.5</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.5</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>226.9</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>121.6</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>177.2</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>563.0</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.9</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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: 23px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.5</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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</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; height: 13px; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</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: 339px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Holding&#185;/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: 13px; width: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 80px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(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; height: 13px; width: 7px; 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: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(39.0)</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; width: 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: 13px; width: 78px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</font></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic;">&#185; Mainly expenses related to governance bodies </font><font style="font-family: 'Century Gothic'; font-style: italic;">(Board of Directors, Fiscal Council, Committees),&nbsp;</font><font style="font-family: 'Century Gothic'; font-style: italic;">to the Presidency, Financial Department and </font><font style="font-family: 'Century Gothic'; font-style: italic;">areas </font><font style="font-family: 'Century Gothic'; font-style: italic;">linked</font><font style="font-family: 'Century Gothic'; font-style: italic;"> to the Group's strategy, </font><font style="font-family: 'Century Gothic'; font-style: italic;">risk management, </font><font style="font-family: 'Century Gothic'; font-style: italic;">portfolio management and capital allocation, such as IR and M&amp;A</font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; break-inside: avoid; line-height: 115%; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>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"><font style="font-family: 'times new roman', times;">Table of Contents</font></a></div>
</div>
<p style="margin-top: 6pt; margin-bottom: 0pt; break-inside: avoid; line-height: 115%; font-size: 10pt; text-align: left;"><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgawsmhfkhhsa06353169.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="img3koqfekpdmz06353169.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; line-height: 115%; font-size: 10pt;"><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&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: #051273;">Ultrapar</font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 177px; 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: 16px;">
<td rowspan="2" style="width: 207.8pt; 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: 30px;">
<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;">Amounts in R$ million</font></p>
</td>
<td rowspan="2" style="width: 46.2pt; 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: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">Q</font><font style="font-weight: bold; color: #262626;">21</font></font></p>
</td>
<td rowspan="2" style="width: 46.3pt; 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: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td rowspan="2" style="width: 36.7pt; 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; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 55.75pt; 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: 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 55.8pt; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">Q</font><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;"> v 1</font><font style="font-weight: bold; color: #262626;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td style="width: 55.75pt; 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: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">Q</font><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;"> v 4</font><font style="font-weight: bold; color: #262626;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<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: 46.2pt; 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: 16px;">
<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;">23,950</font></p>
</td>
<td style="width: 46.3pt; 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: 16px;">
<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;">21,387</font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; height: 16px;">
<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;">23,216</font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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: 55.75pt; 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: 16px;">
<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;">3%</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<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;">Adjusted EBITDA </font></p>
</td>
<td style="width: 46.2pt; 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: 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; color: #262626; font-size: 10pt;">996</font></p>
</td>
<td style="width: 46.3pt; 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: 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; color: #262626; font-size: 10pt;">880</font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">949</font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">13%</font></p>
</td>
<td style="width: 55.75pt; 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: 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; color: #262626; font-size: 10pt;">5%</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<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;">Recurring EBITDA&#185;</font></p>
</td>
<td style="width: 46.2pt; 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: 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; color: #262626; font-size: 10pt;">996</font></p>
</td>
<td style="width: 46.3pt; 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: 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; color: #262626; font-size: 10pt;">809</font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">865</font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">23%</font></p>
</td>
<td style="width: 55.75pt; 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: 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; color: #262626; font-size: 10pt;">15%</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Depreciation and amortization&#178;</font></p>
</td>
<td style="width: 46.2pt; 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: 16px;">
<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;">381</font></p>
</td>
<td style="width: 46.3pt; 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: 16px;">
<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;">387</font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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: 55.75pt; 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: 16px;">
<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;">(3%)</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">F</font><font style="color: #262626;">inancial </font><font style="color: #262626;">result</font><font style="color: #262626;">&#179;</font></font></p>
</td>
<td style="width: 46.2pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">(</font><font style="color: #262626;">377</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 46.3pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">(</font><font style="color: #262626;">187</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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;">89</font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">101</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 55.75pt; 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: 16px;">
<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>
</tr>
<tr style="height: 16px;">
<td style="width: 207.8pt; 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: 16px;">
<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: 46.2pt; 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: 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; color: #262626; font-size: 10pt;">137</font></p>
</td>
<td style="width: 46.3pt; 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: 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; color: #262626; font-size: 10pt;">169</font></p>
</td>
<td style="width: 36.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">432</font></p>
</td>
<td style="width: 55.8pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">(19%)</font></p>
</td>
<td style="width: 55.75pt; 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: 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; color: #262626; font-size: 10pt;">(68%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.8pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">Earnings per share attributable to</font><font style="color: #262626;"> share</font><font style="color: #262626;">holders</font><font style="vertical-align: super; color: #262626; font-size: 7pt;">4</font></font></p>
</td>
<td style="width: 46.2pt; 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;">0.12</font></p>
</td>
<td style="width: 46.3pt; 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;">0.15</font></p>
</td>
<td style="width: 36.7pt; 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;">0.39</font></p>
</td>
<td style="width: 55.8pt; 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;">(18%)</font></p>
</td>
<td style="width: 55.75pt; 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;">(69%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.8pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">Investments</font><font style="vertical-align: super; color: #262626; font-size: 7pt;">5</font></font></p>
</td>
<td style="width: 46.2pt; 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;">294</font></p>
</td>
<td style="width: 46.3pt; 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;">350</font></p>
</td>
<td style="width: 36.7pt; 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;">485</font></p>
</td>
<td style="width: 55.8pt; 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;">(16%)</font></p>
</td>
<td style="width: 55.75pt; 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;">(39%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 207.8pt; 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;">Cash flow from operations</font></p>
</td>
<td style="width: 46.2pt; border-width: 0.75pt 1.5pt 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">28</font></font></p>
</td>
<td style="width: 46.3pt; 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; font-weight: bold; color: #262626; font-size: 10pt;">932</font></p>
</td>
<td style="width: 36.7pt; 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;">508</font></p>
</td>
<td style="width: 55.8pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">(8</font><font style="font-weight: bold; color: #262626;">6</font><font style="font-weight: bold; color: #262626;">%)</font></font></p>
</td>
<td style="width: 55.75pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">(7</font><font style="font-weight: bold; color: #262626;">5</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: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic;">&#185; </font><font style="font-family: 'Century Gothic'; font-style: italic;">D</font><font style="font-family: 'Century Gothic'; font-style: italic;">oes not include the effects of </font><font style="font-family: 'Century Gothic'; font-style: italic;">Oxiteno&#8217;</font><font style="font-family: 'Century Gothic'; font-style: italic;">s</font><font style="font-family: 'Century Gothic'; font-style: italic;"> tax credits of R$ 71 million and R$ 85 million in 1Q20 and 4Q20, respectively</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic;">&#178; Includes amortization of </font><font style="font-family: 'Century Gothic'; font-style: italic;">contractual assets</font><font style="font-family: 'Century Gothic'; font-style: italic;"> with</font><font style="font-family: 'Century Gothic'; font-style: italic;"> clients </font><font style="font-family: 'Century Gothic'; font-style: italic;">&#8211;</font><font style="font-family: 'Century Gothic'; font-style: italic;"> exclusi</font><font style="font-family: 'Century Gothic'; font-style: italic;">ve rights</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic;">&#179; </font><font style="font-family: 'Century Gothic'; font-style: italic;">Includes the </font><font style="font-family: 'Century Gothic'; font-style: italic;">result</font><font style="font-family: 'Century Gothic'; font-style: italic;"> of the cash flow hedge from bonds</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-size: 4.67pt; font-style: italic; vertical-align: super;">4 </font><font style="font-family: 'Century Gothic'; font-style: italic;">Calculated in Reais based on the weighted average number of shares over the period, net of </font><font style="font-family: 'Century Gothic'; font-style: italic;">shares held in treasury</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-size: 4.67pt; font-style: italic; vertical-align: super;">5 </font><font style="font-family: 'Century Gothic'; font-style: italic;">Includes R$ 29 million related to the grant of </font><font style="font-family: 'Century Gothic'; font-style: italic;">Ultracargo's</font><font style="font-family: 'Century Gothic'; font-style: italic;"> terminal in Vila do Conde in 1Q21</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'Century Gothic'; font-style: italic; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Net revenues</font><font style="font-weight: bold; color: #051273;"> &#8211;</font> Total of R$ 23,950 million (+12%), due to the increase in net revenues at Ipiranga, Oxiteno, Ultragaz and Ultracargo. In relation to 4Q20, net revenues grew by 3%, mainly reflecting sales growth at Ipiranga.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Adjusted </font><font style="font-weight: bold; color: #051273;">EBITDA &#8211;</font> Total of R$ 996 million, a growth of 13%, due to the increase in EBITDA of all businesses, with emphasis on Ipiranga and Oxiteno&nbsp;year on year progression. Excluding the non-recurring effect of R$ 71 million in tax credits from Oxiteno in 1Q20, EBITDA grew by 23% in 1Q21. In relation to 4Q20, there was a 5% increase, as a result of higher EBITDA at Ipiranga, Oxiteno and Ultracargo, attenuated by the reduction in EBITDA at Extrafarma and Ultragaz&#8217;s and extemporaneous tax credits recorded in 4Q20.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Results from the holding, </font><font style="font-weight: bold; color: #051273;">affiliates</font><font style="font-weight: bold; color: #051273;"> and </font><font style="font-weight: bold; color: #051273;">abastece</font><font style="font-weight: bold; color: #051273;"> </font><font style="font-weight: bold; color: #051273;">a&#237;</font><font style="font-weight: bold; color: #051273;"> &#8211;</font> In addition to the results of the five main businesses, Ultrapar recorded a negative result of R$ 48 million, comprised of (i) R$ 31 million of negative EBITDA from the holding, (ii) R$ 11 million of negative EBITDA from&nbsp;abastece a&#237; (new digital payments business), due to expenses with technology and marketing to consolidate the performance and expansion of the application and loyalty program and (iii) R$ 6 million of negative EBITDA from affiliates.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Depreciation and amortization </font><font style="font-weight: bold; color: #051273;">&#8211;</font> Total of R$ 381 million (-1%), mainly due to a reduction in amortization of contractual assets at Ipiranga, offset by higher investments made over the last twelve months. In relation to 4Q20, total costs and expenses with depreciation and amortization were 3% lower, due to a reduction in amortization of contractual assets at Ipiranga. </font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">F</font><font style="font-weight: bold; color: #051273;">inancial result </font><font style="font-weight: bold; color: #051273;">&#8211;</font><font style="color: #051273;"> </font>Ultrapar reported net financial expenses of R$ 377 million in 1Q21, compared to net financial expenses of R$ 187 million in 1Q20, mainly reflecting the temporary worsening in the mark-to-market of currency hedging instruments, and the interest accrual on non-recurring tax credits of R$ 78 million related to the exclusion of ICMS from the calculation base of PIS/Cofins in 1Q20 and increased expenses derived from the cash flow hedge of Ultrapar<font style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times; font-size: 13.3333px; font-style: italic; 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8217;</font>s&nbsp;bonds, due to the greater exchange rate devaluation. Compared to 4Q20, when&nbsp;Ultrapar recorded net financial revenue of R$ 89 million, the difference is mainly explained by the temporary positive result of mark-to-market of currency hedging instruments&nbsp;and by the interest accrual on non-recurring tax credits of R$ 160 million in 4Q20.</font></p>
<p style="margin-top: 0pt; margin-bottom: 8pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Net income</font><font style="font-weight: bold; color: #051273;"> &#8211;</font> Total of R$ 137 million, 19% and 68% below 1Q20 and 4Q20, respectively, as a result of the increase in net financial expenses and non-recurring tax credits recorded in 1Q20 and 4Q20, partially offset by the EBITDA growth.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Cash flow </font><font style="font-weight: bold; color: #051273;">from</font><font style="font-weight: bold; color: #051273;"> </font><font style="font-weight: bold; color: #051273;">operations</font><font style="font-weight: bold; color: #051273;"> </font><font style="font-weight: bold; color: #051273;">&#8211;</font><font style="color: #051273;"> </font>Generation of R$ 128 million in 1Q21, compared to a generation of R$ 932 million in 1Q20, mainly due to the increased investment in working capital in 1Q21, especially due to the significant rise in prices of fuels and LPG in the period, compared to a reduction in working capital in 1Q20, when there was a reduction in prices of fuels.</font><br></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-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: #051273;">Ultragaz</font></p>
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<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>
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<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;">1Q21</font></p>
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<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;">1Q20</font></p>
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<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>
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<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>
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<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>
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<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;">1Q21 v 1Q20</font></p>
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<td style="width: 61.3pt; 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;">
<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;">1Q21 v 4Q20</font></p>
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<td style="width: 184.75pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">Total </font><font style="font-weight: bold; color: #262626;">v</font><font style="font-weight: bold; color: #262626;">olume </font><font style="font-weight: bold; color: #262626;">(000 tons)</font></font></p>
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<td style="width: 51.65pt; 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: bottom; 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;">406</font></p>
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<td style="width: 44.85pt; 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;">
<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;">421</font></p>
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<td style="width: 43.85pt; 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;">426</font></p>
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<td style="width: 61.3pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; 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; color: #262626; font-size: 10pt;">(4%)</font></p>
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<td style="width: 61.3pt; 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;">
<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>
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<td style="width: 184.75pt; 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-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>
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<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;">274</font></p>
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<td style="width: 44.85pt; 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;">
<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;">288</font></p>
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<td style="width: 43.85pt; 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;">289</font></p>
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<td style="width: 61.3pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; 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; color: #262626; font-size: 10pt;">(5%)</font></p>
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<td style="width: 61.3pt; 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;">
<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;">(5%)</font></p>
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<td style="width: 184.75pt; 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-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>
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<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;">132</font></p>
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<td style="width: 44.85pt; 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;">
<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;">134</font></p>
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<td style="width: 43.85pt; 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;">137</font></p>
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<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>
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<td style="width: 61.3pt; 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;">
<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>
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<td style="width: 184.75pt; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">EBITDA </font><font style="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 51.65pt; 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: bottom; 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;">150</font></p>
</td>
<td style="width: 44.85pt; 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;">
<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;">147</font></p>
</td>
<td style="width: 43.85pt; 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;">154</font></p>
</td>
<td style="width: 61.3pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; 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; color: #262626; font-size: 10pt;">2%</font></p>
</td>
<td style="width: 61.3pt; 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;">
<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;">(3%)</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-weight: bold; color: #051272; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Operati</font><font style="font-weight: bold; color: #051273;">onal</font><font style="font-weight: bold; color: #051273;"> performance </font><font style="font-weight: bold; color: #051273;">&#8211;</font> Sales volume at Ultragaz in 1Q21 fell by 4% from 1Q20, resulting from a reduction of 5% in sales in the bottled segment, mainly due to the initial effects of the pandemic on the demand for LPG bottles in March 2020, when there was a significant temporary growth in consumption of the product. In the bulk segment, the volume was 1% lower, due to lower sales to commercial and services segments, resulting from the impacts of the pandemic, partially offset by higher sales to industries. In relation to 4Q20, sales volume fell by 5% as a result of the typical seasonality between the periods, as well as the impact from the pandemic's upsurge on sales of the bulk segment for commercial and services.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Net revenues </font><font style="font-weight: bold; color: #051273;">&#8211; </font>Total of R$ 2,038 million (+16%), due to the increase in LPG cost, mitigated by lower sales volume. In relation to 4Q20, there was an increase of 4%, for the same reasons mentioned above.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Cost of goods sold </font><font style="font-weight: bold; color: #051273;">&#8211; </font>Total of R$ 1,812 million (+19%), due to the readjustment of LPG costs by Petrobras, mitigated by lower freight costs. In relation to 4Q20, the cost of goods sold increased 6%, for the same reasons mentioned above.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Sales, general and administrative expenses </font><font style="font-weight: bold; color: #051273;">&#8211;</font> Total of R$ 147 million, a drop of 5% in relation to 1Q20, because of lower expenses with provision for doubtful accounts and freight, due to logistics optimizations, in addition to initiatives for reducing expenses in several lines. In relation to 4Q20, sales, general and administrative expenses decreased 14%, due to lower personnel expenses, mainly variable compensation, in line with the progression of results, and labor claims.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">EBITDA &#8211;</font> Total of R$ 150 million (+2%), mainly due to expenses reduction, despite the lower volume and costs increases in the period. In relation to 4Q20, there was a drop of 3%, due to the seasonally lower sales volume, partially offset by lower expenses.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Investments &#8211;</font> R$ 71 million were invested in this quarter, mainly to install tanks in new customers in the bulk segment, the new bottling facility in Bel&#233;m (PA), the acquisition and replacement of gas bottles and the maintenance of existing operations. </font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>134</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC"><font style="font-size: 10pt; font-family: 'times new roman', times;">Table of Contents</font></a></div>
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<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><br></p>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgm5zq5udm0fc06353169.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgtjlondx4ff206353169.jpg" style="float: right;" alt="Graphics"></td>
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<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9.5pt;"><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 517.35pt; border-bottom: 1.5pt solid #574aee; 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: #051273;">Ultracargo</font></p>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 76px; 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: 16px;">
<td rowspan="2" style="width: 195.2pt; 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: 28px;">
<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>
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<td rowspan="2" style="width: 45.4pt; 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: 28px;">
<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;">1Q21</font></p>
</td>
<td rowspan="2" style="width: 47.3pt; 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: 28px;">
<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;">1Q20</font></p>
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<td rowspan="2" style="width: 34.2pt; 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: 28px;">
<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>
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<td style="width: 64.15pt; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; 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; color: #262626; font-size: 10pt;">&#916;</font></p>
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<td style="width: 64.05pt; 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: 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
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<tr style="height: 12px;">
<td style="width: 64.15pt; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 12px;">
<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;">1Q21 v 1Q20</font></p>
</td>
<td style="width: 64.05pt; 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: 12px;">
<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;">1Q21 v 4Q20</font></p>
</td>
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<td style="width: 195.2pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">Installed capacity&#185; </font><font style="color: #262626;">(000 m&#179;)</font></font></p>
</td>
<td style="width: 45.4pt; 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: 16px;">
<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;">843</font></p>
</td>
<td style="width: 47.3pt; 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: 16px;">
<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;">822</font></p>
</td>
<td style="width: 34.2pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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;">838</font></p>
</td>
<td style="width: 64.15pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 16px;">
<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;">3%</font></p>
</td>
<td style="width: 64.05pt; 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: 16px;">
<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>
</tr>
<tr style="height: 16px;">
<td style="width: 195.2pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">m&#179; sold </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: 45.4pt; 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: 16px;">
<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;">3,137</font></p>
</td>
<td style="width: 47.3pt; 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: 16px;">
<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;">3,149</font></p>
</td>
<td style="width: 34.2pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; 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; color: #262626; font-size: 10pt;">3,070</font></p>
</td>
<td style="width: 64.15pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; 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; color: #262626; font-size: 10pt;">0%</font></p>
</td>
<td style="width: 64.05pt; 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: 16px;">
<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>
</tr>
<tr style="height: 16px;">
<td style="width: 195.2pt; 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: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">EBITDA</font><font style="color: #262626;"> </font><font style="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 45.4pt; 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: 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; color: #262626; font-size: 10pt;">93</font></p>
</td>
<td style="width: 47.3pt; 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: 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; color: #262626; font-size: 10pt;">91</font></p>
</td>
<td style="width: 34.2pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">77</font></p>
</td>
<td style="width: 64.15pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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; color: #262626; font-size: 10pt;">2%</font></p>
</td>
<td style="width: 64.05pt; 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: 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; color: #262626; font-size: 10pt;">20%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; vertical-align: super; color: #262626;">&nbsp;&#185;</font><font style="font-family: 'times new roman', times;"><font style="font-style: italic; color: #262626;">M</font><font style="font-style: italic; color: #262626;">onthly average</font></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: #051273; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Operati</font><font style="font-weight: bold; color: #051273;">onal</font><font style="font-weight: bold; color: #051273;"> performance </font><font style="font-weight: bold; color: #051273;">&#8211;</font> Ultracargo&#8217;s average installed capacity increased 3% in relation to 1Q20, as a result of the start up of expansions in Itaqui in the last twelve months. The m&#179; sold remained stable, with a higher volume in Itaqui, as a result of capacity expansions, mitigated by lower fuels handling in Suape, Santos and Aratu, due to the drop in imports of these products. The m&#179; sold increased by 2% compared to 4Q20, due to higher fuels handling in Itaqui and ethanol in Suape, partially offset by lower fuels handling in Santos.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Net revenues</font><font style="font-weight: bold; color: #051273;"> &#8211; </font>Total R$ 172 million in 1Q21 (+5%), due to contractual readjustments and spot operations. Compared to 4Q20, net revenues increased by 4%, mainly due to the growth in m&#179; sold.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Cost of services provided</font><font style="font-weight: bold;"> &#8211;</font> Total of R$ 69 million, a 10% increase in relation to 1Q20, due to increased costs with leases readjustments and higher depreciation (capacity expansions). In relation to 4Q20, the cost of services provided dropped by 7%, because of lower spending on personnel and maintenance, due to lower consumption of materials, in line with the reduction in fuels handling, mitigated by increased costs with leases.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Sales, general and administrative expenses </font><font style="font-weight: bold;">&#8211; </font>Total of R$ 34 million (+4%), due to higher personnel expenses (mainly variable compensation, in line with the progression of results) and IT (productivity initiatives). In relation to 4Q20, sales, general and administrative expenses decreased 1%, due to lower expenses with engineering services, partially offset by higher personnel expenses.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Other operating results</font><font style="font-weight: bold;"> &#8211; </font>Reduction of R$ 4 million in relation to 1Q20, due to the extraordinary positive effect of R$ 4 million registered in 1Q20 related to the refund of a compulsory loan to Eletrobr&#225;s.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">EBITDA</font><font style="font-weight: bold;"> &#8211; </font>Ultracargo reached a record EBITDA level of R$ 93 million (+2%), mainly due to the increase in net revenues, partially offset by higher costs and expenses and lower other operating results. In relation to 4Q20, EBITDA grew by 20%, as a result of the greater handling of products, contractual readjustments and lower costs and expenses.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Investments </font><font style="font-weight: bold;">&#8211; </font>Investments in the period amounted to R$ 120 million, directed to the construction of the new terminal in Vila do Conde (PA), the expansion of the Itaqui terminal and projects for efficiency gains, maintenance and operational safety of the terminals.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&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'>135</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC"><font style="font-size: 10pt; font-family: 'times new roman', times;">Table of Contents</font></a></div>
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<p><br></p>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgi5mnzvum4lz06353169.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="img2nllhdxjfmn06353169.jpg" style="float: right;" alt="Graphics"></td>
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<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<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: #051273;">Oxiteno</font></p>
</td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 180px; 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: 16px;">
<td rowspan="2" style="width: 40.2%; 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: 28px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Open Sans'; font-weight: bold; color: #262626; -aw-import: ignore;">&nbsp;</font></p>
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<td rowspan="2" style="width: 11.22%; 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: 28px;">
<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;">1Q21</font></p>
</td>
<td rowspan="2" style="width: 11.22%; 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: 28px;">
<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;">1Q20</font></p>
</td>
<td rowspan="2" style="width: 11.22%; 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: 28px;">
<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: 13.34%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 12.8%; 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: 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="width: 13.34%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 12px;">
<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;">1Q21 v 1Q20</font></p>
</td>
<td style="width: 12.8%; 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: 12px;">
<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;">1Q21 v 4Q20</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">Average exchange rate </font><font style="color: #262626;">(R$/US$)</font></font></p>
</td>
<td style="width: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">5.47</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">4.46</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">5.40</font></p>
</td>
<td style="width: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">23%</font></p>
</td>
<td style="width: 12.8%; 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: 19px;">
<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>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">Total volume </font><font style="font-weight: bold; color: #262626;">(000 tons)</font></font></p>
</td>
<td style="width: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">181</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">181</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">204</font></p>
</td>
<td style="width: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">0%</font></p>
</td>
<td style="width: 12.8%; 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: 19px;">
<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>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<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: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">19</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">32</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">(42%)</font></p>
</td>
<td style="width: 12.8%; 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: 19px;">
<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;">(44%)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<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: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">162</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">148</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">171</font></p>
</td>
<td style="width: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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>
<td style="width: 12.8%; 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: 19px;">
<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;">(5%)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<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;">Sales in Brazil</font></p>
</td>
<td style="width: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">127</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">128</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">154</font></p>
</td>
<td style="width: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 12.8%; 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: 19px;">
<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;">(18%)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<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: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">54</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">53</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 12.8%; 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: 19px;">
<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: 19px;">
<td style="width: 40.2%; 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: 19px;">
<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;">EBITDA (R$ million)</font></p>
</td>
<td style="width: 11.22%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 19px;">
<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;">227</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">193</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">18%</font></p>
</td>
<td style="width: 12.8%; 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: 19px;">
<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;">(13%)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 40.2%; 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: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">Recurring EBITDA&#185; </font><font style="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 11.22%; 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; height: 19px;">
<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;">227</font></p>
</td>
<td style="width: 11.22%; 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: 19px;">
<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;">122</font></p>
</td>
<td style="width: 11.22%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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: 13.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 19px;">
<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;">87%</font></p>
</td>
<td style="width: 12.8%; 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: 19px;">
<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>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 7pt;"><font style="font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic;">&nbsp;</font><font style="font-family: 'times new roman', times;"><font style="font-style: italic;">&#185; </font><font style="font-style: italic;">D</font><font style="font-style: italic;">oes not include the effects of tax credits of R$ 71 million and R$ 85 mil</font><font style="font-style: italic;">lion in 1Q20 and </font><font style="font-style: italic;">4Q20, respectively</font></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Operati</font><font style="font-weight: bold; color: #051273;">onal</font><font style="font-weight: bold; color: #051273;"> performance</font><font style="font-weight: bold;"> &#8211; </font>Oxiteno&#8217;s total sales volume remained stable in relation to 1Q20, with a 9% growth in specialty chemicals, driven by higher sales across all segments in Brazil, with emphasis on crop solutions and home and personal care, in addition to higher sales in its international units. Oxiteno&#8217;s operation in the USA was impacted by the severe winter that hit Texas in February, and this plant remained closed for approximately 30 days. As a result, the volume growth recorded in the period was 5%. The drop of 42% noted in the volume of commodities is due to the prioritization of other products in a period of scheduled shutdowns. In relation to 4Q20, the volume dropped 11%, as a result of the typical seasonality between periods, mitigated by higher sales in international units.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Net revenue</font><font style="font-weight: bold; color: #051273;">s</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 1,436 million (+30%), due to the 23% average depreciation of the Real (R$ 1.01/US$) and the 7% increase in average dollar prices, as a result of a larger share&nbsp;of specialty chemicals in the sales mix. Compared to 4Q20, net revenues decreased 3%, due to the lower seasonal sales volume, despite the 8% increase in average dollar prices.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Cost of goods sold</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 1,105 million (+26%), due to the 23% average depreciation of the Real (R$ 1.01/US$), higher maintenance expenses, as a result of the scheduled shutdowns, and a larger spending at the plant in the United States, due to the weather situation in the region. In related to 4Q20, cost of goods sold decreased 7%, due to the lower sales volume and the effect of the zero cost collar in 4Q20 (ZCC &#8211; margin hedge, discontinued in 2021), mitigated by higher expenses with maintenance due to the shutdowns and higher expenses at the United States plant.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Sales, general and administrative expenses </font><font style="font-weight: bold;">&#8211; </font>Total of R$ 224 million (+15%), because of exchange variation on international units, the provision for disposal of waste from the Uruguay plant and higher freight expenses. In relation to 4Q20, sales, general and administrative expenses fell 2%, mainly due to lower freight expenses, in line with the volume reduction.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Other operating results</font><font style="font-weight: bold;"> &#8211; </font>Decrease of R$ 70 million and R$ 84 million in relation to 1Q20 and 4Q20, respectively, due to the non-recurring tax credits related to the exclusion of ICMS from the PIS/Cofins calculation base recorded in 1Q20 and 4Q20.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">EBITDA</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 227 million, growth of 18% related to 1Q20, due to the better sales mix and margins, with a greater share of specialty chemicals, and average Real 23% more devalued (R$ 1.01/US$), mitigated by the tax credits recorded in 1Q20 and higher costs and expenses. Compared to 4Q20, EBITDA decreased by 13%, due to the tax credits recorded in 4Q20 and the lower sales volume, partially offset by the better sales mix, the reduction in costs and expenses and the ZCC effect. Excluding the non-recurring effects of tax credits, the increase in EBITDA was 87% and 28% in relation to 1Q20 and 4Q20, respectively, a record level of company results.</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Investments</font><font style="font-weight: bold;"> &#8211; </font>Investments in the period amounted to R$ 32 million, mainly directed to investments in maintenance and safety of production units.</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;">&nbsp;</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;">&nbsp;</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;">&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'>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"><font style="font-size: 10pt; font-family: 'times new roman', times;">Table of Contents</font></a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgodfoxiq2rmn06353169.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgwuqqjodyhwc06353169.jpg" style="float: right;" 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 #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-weight: bold; color: #051273;">Ipiranga</font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 113px; 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: 16px;">
<td rowspan="2" style="width: 41.5%; 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: 28px;">
<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: 9.44%; 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: 28px;">
<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;">1Q21</font></p>
</td>
<td rowspan="2" style="width: 9.42%; 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: 28px;">
<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;">1Q20</font></p>
</td>
<td rowspan="2" 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; background-color: #ffffff; height: 28px;">
<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: 15.1%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 15.1%; 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: 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="width: 15.1%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 12px;">
<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;">1Q21 v 1Q20</font></p>
</td>
<td style="width: 15.1%; 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: 12px;">
<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;">1Q21 v 4Q20</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 41.5%; 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 volume </font><font style="font-weight: bold; color: #262626;">(000 m&#179;)</font></font></p>
</td>
<td style="width: 9.44%; 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;">5,36</font><font style="font-weight: bold; color: #262626;">7</font></font></p>
</td>
<td style="width: 9.42%; 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;">5,490</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;">5,815</font></p>
</td>
<td style="width: 15.1%; 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;">(2%)</font></p>
</td>
<td style="width: 15.1%; 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;">(8%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 41.5%; 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;">&nbsp; </font><font style="color: #262626;">Diesel</font></font></p>
</td>
<td style="width: 9.44%; 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;">2,751</font></p>
</td>
<td style="width: 9.42%; 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;">2,722</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;">2,861</font></p>
</td>
<td style="width: 15.1%; 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; color: #262626; font-size: 10pt;">1%</font></p>
</td>
<td style="width: 15.1%; 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: 41.5%; 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;">&nbsp; </font><font style="color: #262626;">Otto cycle</font></font></p>
</td>
<td style="width: 9.44%; 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;">2,501</font></p>
</td>
<td style="width: 9.42%; 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;">2,669</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;">2,847</font></p>
</td>
<td style="width: 15.1%; 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; color: #262626; font-size: 10pt;">(6%)</font></p>
</td>
<td style="width: 15.1%; 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;">(12%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 41.5%; 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;">&nbsp; </font><font style="color: #262626;">Others&#185;</font></font></p>
</td>
<td style="width: 9.44%; 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;">11</font><font style="color: #262626;">5</font></font></p>
</td>
<td style="width: 9.42%; 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;">99</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;">107</font></p>
</td>
<td style="width: 15.1%; 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;">5</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 15.1%; 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;">7</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 41.5%; 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="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 9.44%; 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: 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;">563</font></p>
</td>
<td style="width: 9.42%; 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;">480</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;">487</font></p>
</td>
<td style="width: 15.1%; 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;">17%</font></p>
</td>
<td style="width: 15.1%; 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;">15%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; vertical-align: super;">&nbsp;</font><font style="font-family: 'times new roman', times;"><font style="font-style: italic;">&#185; </font><font style="font-style: italic;">Fuel oil</font><font style="font-style: italic;">s</font><font style="font-style: italic;">, </font><font style="font-style: italic;">arla</font><font style="font-style: italic;"> 32, kerosene, lubricants and greases</font></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-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: #051273;">Operati</font><font style="font-weight: bold; color: #051273;">onal</font><font style="font-weight: bold; color: #051273;"> performance</font><font style="font-weight: bold;"> &#8211; </font>Ipiranga had a 2% reduction in sales volume compared to 1Q20, with a 6% drop in the Otto cycle, as a result of the restriction measures imposed by the pandemic, and 1% growth in diesel. In 2020, January and February were months of year-on-year growth in volumes, and the first impacts of the pandemic were felt from the second half of March. In 2021, volumes started the year impacted by the pandemic, but the effects of the new restrictions from March 2021 onwards were less severe than in the last year. Compared to 4Q20, sales volume was 8% lower, due to the drop of 12% in the Otto cycle and 4% in diesel, mainly due to the typical seasonality between the periods.</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: #051273;">Net revenue</font><font style="font-weight: bold; color: #051273;">s</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 19,845 million (+11%), due to the increase in the average prices of ethanol and oil derivatives, despite the lower sales volume, in addition to higher sales of lubricants at Iconic. In relation to 4Q20, net revenues grew by 4%, due to the higher average prices of oil derivatives and ethanol, mitigated by lower sales volume.</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: #051273;">Cost of goods sold</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 18,948 million (+10%), due to the increase in costs practiced by Petrobras, and in costs of ethanol, despite the lower volume sold. In relation to 4Q20, there was an increase of 3%, due to the same reasons mentioned above, mitigated by the seasonally smaller volume.</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: #051273;">Sales, general and administrative expenses </font><font style="font-weight: bold;">&#8211; </font>Total of R$ 487 million (+4%), due to the increase in unit freight expenses, influenced by the increase in diesel, one-off expenses with civil contingencies and the growth in&nbsp;AmPm&#8217;s company operated stores, partially offset by lower provisions for doubtful accounts. In relation to 4Q20, sales, general and administrative expenses increased 3%, as a result of higher personnel expenses and reversals of provisions for doubtful accounts in 4Q20, mitigated by lower expenses with marketing and freight, due to the lower sales volume.</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: #051273;">Other operating results</font><font style="font-weight: bold;"> &#8211; </font>R$ 20 million negative result, a decrease of R$ 64 million in relation to 1Q20, due to CBios costs recorded in connection with the RenovaBio&#8217;s goals in the amount of R$ 33 million in 1Q21 and the establishment of extraordinary PIS/Cofins credits in the amount of R$ 39 million in 1Q20, mitigated by increased merchandising revenues from suppliers. In relation to 4Q20, the reduction was R$ 43 million, due to the lower costs with CBios and extraordinary PIS/Cofins credits recorded in 4Q20.</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: #051273;">Disposal of property</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 6 million, similar to 1Q20. In relation to 4Q20, the reduction was R$ 41 million, due to the higher sales of real estate assets in the previous quarter.</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: #051273;">EBITDA</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 563 million (+17%), mainly due to the variations in prices and costs in the period, mitigated by the reduction in other operating results. In relation to 4Q20, growth was 15%, as a result of better margins, mitigated by lower sales volume and reductions in the lines of other operating results and disposal of property.</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: #051273;">Investments</font><font style="font-weight: bold;"> &#8211; </font>R$ 38 million were invested, directed to the expansion and maintenance of Ipiranga&#8217;s service stations and franchise network and logistics infrastructure. Of the total invested, R$ 46 million refer to fixed assets and additions to intangible assets and R$ 36 million to contractual assets with clients (exclusive rights). These values were attenuated by R$ 43 million from the receipt of properties sold in installments at the end of 2020, net of financing releases to costumers. </font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #051272; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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; font-family: 'times new roman', times;" 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;"><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: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Century Gothic'; color: #051272; -aw-import: ignore;">&nbsp;</font><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imghunvisy30br06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgypqo3qlkzi106353170.jpg" style="float: right;" alt="Graphics"></td>
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</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 #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: #051273;">Extrafarma</font></p>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 98px; 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: 16px;">
<td rowspan="2" style="width: 38.04%; 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: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Open Sans'; font-weight: bold; color: #262626; font-size: 9pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 12.5%; 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: 30px;">
<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;">1Q21</font></p>
</td>
<td rowspan="2" style="width: 10.52%; 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: 30px;">
<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;">1Q20</font></p>
</td>
<td rowspan="2" style="width: 10.16%; 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: 30px;">
<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: 14.78%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 14%; 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: 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; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="width: 14.78%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 14px;">
<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;">1Q21 v 1Q20</font></p>
</td>
<td style="width: 14%; 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: 14px;">
<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;">1Q21 v 4Q20</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 38.04%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">Number of stores </font><font style="color: #262626;">(end of the period)</font></font></p>
</td>
<td style="width: 12.5%; 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; color: #262626; font-size: 10pt;">402</font></p>
</td>
<td style="width: 10.52%; 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;">411</font></p>
</td>
<td style="width: 10.16%; 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;">405</font></p>
</td>
<td style="width: 14.78%; 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: 14%; 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;">(1%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 38.04%; 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: 14.2pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">&nbsp;</font><font style="color: #262626;">% of mature stores </font><font style="color: #262626;">(+3 years)</font></font></p>
</td>
<td style="width: 12.5%; 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; color: #262626; font-size: 10pt;">80%</font></p>
</td>
<td style="width: 10.52%; 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;">60%</font></p>
</td>
<td style="width: 10.16%; 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;">75%</font></p>
</td>
<td style="width: 14.78%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">20.5 </font><font style="color: #262626;">p.p.</font></font></p>
</td>
<td style="width: 14%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="color: #262626;">5.0 </font><font style="color: #262626;">p.p.</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 38.04%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">Gross revenues </font><font style="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 12.5%; 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;">517</font></p>
</td>
<td style="width: 10.52%; 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;">521</font></p>
</td>
<td style="width: 10.16%; 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;">548</font></p>
</td>
<td style="width: 14.78%; 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;">(1%)</font></p>
</td>
<td style="width: 14%; 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;">(6%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 38.04%; 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-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #262626;">EBITDA </font><font style="font-weight: bold; color: #262626;">(R$ million)</font></font></p>
</td>
<td style="width: 12.5%; 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;">12</font></p>
</td>
<td style="width: 10.52%; 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;">9</font></p>
</td>
<td style="width: 10.16%; 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;">34</font></p>
</td>
<td style="width: 14.78%; 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;">30%</font></p>
</td>
<td style="width: 14%; 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;">(66%)</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-style: italic; 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-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Operati</font><font style="font-weight: bold; color: #051273;">onal</font><font style="font-weight: bold; color: #051273;"> performance</font><font style="font-weight: bold;"> &#8211; </font>Extrafarma ended 1Q21 with 402 drugstores, with 2 store openings and 11 closures in the last twelve months, a reduction of 2% in its network, resulting from greater selectivity in expansion and a more rigorous approach to underperforming stores. Over the course of 1Q21, approximately 5% of stores, located in shopping malls, remained temporarily closed, due to stricter measures related to the pandemic. At the end of the quarter, stores still at the ramping-up phase (with up to three years of operation) represented 20% of the network.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Gross revenues</font><font style="font-weight: bold;"> &#8211; </font>Total of R$ 517 million (-1%), due to the lower number of stores (-2%), the temporary closing of shopping mall stores and the effects from the cyberattack that occurred in January 2021, which impacted the systems of stores and distribution centers. The estimated impact of the incident on Extrafarma&#8217;s gross revenues loss is around 5%. These effects were partially offset by the expansion of sales through digital channels and by higher same store sales. In relation to 4Q20, gross revenues dropped by 6%, mainly due to the cyberattack and the seasonality between periods.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Cost of goods sold and gross profit</font><font style="font-weight: bold;"> &#8211; </font>Cost of goods sold amounted to R$ 346 million (-1%), following the reduction in sales. Gross profit reached R$ 144 million (-1%), equivalent to a gross margin of 27.8%, in line with 1Q20. In relation to 4Q20, cost of goods sold decreased by 5% whereas gross profit fell by 8%, mainly due to the cyberattack and seasonality between periods.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Sales, general and administrative expenses &#8211;</font><font style="font-weight: bold;"> </font>Total of R$ 167 million (-4%), due to the lower number of stores and productivity gains initiatives, logistic optimization and expenses reduction. In relation to 4Q20, sales, general and administrative expenses increased by 7%, mainly due to higher personnel expenses and services from third parties.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">EBITDA </font><font style="font-weight: bold;">&#8211; </font>Total of R$ 12 million, increase of 30% in relation to 1Q20. This growth is a result of the implemented process for closing underperforming stores, greater profitability of the existing network and initiatives for enhancing productivity and expenses reduction, mitigated by the impact caused by the cyberattack and the effects of the pandemic. In relation to 4Q20, there was a reduction of 66%, mainly due to the typical seasonality between the periods and the impact caused by the cyberattack. The estimated impact of the cyberattack on Extrafarma&#8217;s EBITDA is R$ 6 million. </font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold; color: #051273;">Investments</font><font style="font-weight: bold;"> &#8211; </font>In 1Q21, R$ 9 million were invested, mainly directed to the maintenance of stores and projects related to information technology. It is worth mentioning that the distribution center in the state of Maranh&#227;o&nbsp;started operations&nbsp;in 1Q21, which will contribute to margin gains and logistical optimizations.</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-weight: bold; color: #051273; font-size: 10pt;">&nbsp;</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-weight: bold; color: #051273; 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'>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"><font style="font-family: 'times new roman', times; font-size: 10pt;">Table of Contents</font></a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgwavehdug1ku06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgvynxwgworz406353170.jpg" style="float: right;" 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: #051273;">Indebtedness </font><font style="font-weight: bold; color: #051273;">(R$ million)</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;"> consolidated</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; 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;">1Q21</font></p>
</td>
<td style="width: 62.7pt; border-top: 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;">4Q20</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;">1Q20</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; color: #262626; font-size: 10pt;">(18,606)</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;">(17,376)</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;">(16,962)</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;">Cash and </font><font style="color: #262626;">cash equivalents</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;">8,501</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;">8,672</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;">7,249</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 (ex-IFRS 16)</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-weight: bold; color: #262626; font-size: 10pt;">(10,105)</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-weight: bold; color: #262626; font-size: 10pt;">(8,704)</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-weight: bold; color: #262626; font-size: 10pt;">(9,713)</font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
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<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>
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<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;">(1,794)</font></p>
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<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;">(1,833)</font></p>
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<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;">(1,704)</font></p>
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<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>
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<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;">(11,899)</font></p>
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<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-weight: bold; color: #262626; font-size: 10pt;">(10,537)</font></p>
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<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-weight: bold; color: #262626; font-size: 10pt;">(11,418)</font></p>
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<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/LTM Adjusted EBITDA</font><font style="color: #262626;">&#185;</font><font style="color: #262626;"> (ex-IFRS 16)</font></font></p>
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<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;">3.2x</font></p>
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<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;">2.8x</font></p>
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<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;">3.1x</font></p>
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<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/LTM Adjusted EBITDA</font><font style="color: #262626;">&#185;</font></font></p>
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<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;">3.3x</font></p>
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<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;">3.0x</font></p>
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<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;">3.3x</font></p>
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<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; font-size: 10pt;"><font style="color: #262626;">A</font><font style="color: #262626;">verage cost</font><font style="color: #262626;"> of debt</font></font></p>
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<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;">212% DI</font></p>
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<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>
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<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;">121% DI</font></p>
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<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;">DI + 2.3%</font></p>
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<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;">DI + 1.6%</font></p>
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<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;">DI + 0.9%</font></p>
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<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 cash yield (% DI)</font></p>
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<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;">82%</font></p>
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<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;">80%</font></p>
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<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;">90%</font></p>
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<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 </font><font style="color: #262626;">debt </font><font style="color: #262626;">duration </font><font style="color: #262626;">(years)</font></font></p>
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<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; color: #262626; font-size: 10pt;">4.6</font></p>
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<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;">4.6</font></p>
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<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;">4.7</font></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#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 Extrafarma of R$ 593 million for </font><font style="font-style: italic;">1Q20</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 1Q21 with a net financial debt of R$ 10.1 billion, comprised of gross debt of R$ 18.6 billion and cash position of R$ 8.5 billion. Considering leases payable (IFRS 16) of R$ 1.8 billion, the total net debt was R$ 11.9 billion (3.3x Adjusted EBITDA LTM) compared to R$ 10.5 billion on December 31, 2020 (3.0x Adjusted EBITDA LTM). The increase in net debt compared to the position at the end of 4Q20 refers mainly to the consumption of operating cash in working capital in 1Q21, the payment of dividends in March 2021 and the R$ 174 million effect of exchange rate variation over net debt on the portion of notes designated for hedge accounting. The increase in financial leverage is due to the increase in net debt, due to the reasons explained above, despite the increase in EBITDA LTM. The financial leverage was stable compared to 1Q20.</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; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051273; font-size: 12pt;">Maturity profile and debt breakdown:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; color: #051272; -aw-import: ignore;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>139</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051273;">Updates on ESG themes</font></p>
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<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In March 2021, Ultrapar created the<font style="font-weight: bold;"> Sustainability and Corporate Affairs </font><font style="font-weight: bold;">executive position</font>, reporting directly to the CEO, to accelerate and integrate the efforts and actions of the Ultra Group&#8217;s businesses into a unified, objective and widely visible agenda, with clearly defined and disseminated goals.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In April 2021, the Company&#8217;s Annual and Extraordinary General Shareholders&#8217; Meeting took place, in which the <font style="font-weight: bold;">members of the</font> <font style="font-weight: bold;">Board of Directors </font>were elected. The Shareholders&#8217; Meeting was attended by more than 70% of the Company&#8217;s total capital, with all matters approved by 88% to 99% of the attendees. None of the matters had a rejection rate greater than 1%. The present slate, whose term of office is in force until 2023, brings together professionals with relevant experiences and skills in strategic issues related to the Company&#8217;s businesses and future. Among the skills and experiences assessed, we highlight specific knowledge of the Company's operating segments, experience as CEO and people management, expertise in portfolio management, corporate governance, finance, energy matrix, technology, innovation and sustainability.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Ultra Group</font> has teamed up with 11 companies to <font style="font-weight: bold;">donate more than 5 thousand oxygen concentrators</font> for the treatment of patients with COVID-19. The equipment was sent to the Ministry of Health for distribution according to the needs of each region and should serve up to 20 thousand patients per month. Together, the 12 partner companies have invested more than R$ 35 million in this initiative. Additionally, the Ultra Group joined the <font style="font-weight: bold;">Donation Campaign of AMA </font><font style="font-weight: bold;">&#8211;</font><font style="font-weight: bold;"> Association of Residents and Friends </font>of<font style="font-weight: bold;"> </font>S&#227;o Conrado, which helps communities in Rio de Janeiro to combat the pandemic. The donation was intended for the purchase of basic food baskets, which will help around 300 low-income families covered by the project. Furthermore, in this first quarter, more than R$ 5 million have already been approved to social initiatives focused on COVID-19 through partner institutions in conjunction with the Group's companies.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Ultragaz</font> reviewed its <font style="font-weight: bold;">materiality matrix </font>incorporating new themes and expanding the scope of existing themes. In addition, it built its sustainability model, defining strategic objectives to be pursued. Ultragaz continued its social and environmental actions, being recognized with the <font style="font-weight: bold;">gold award in the environment category</font> of the <font style="font-weight: bold;">LPG Innovation and Technology Award</font>, due to its project &#8220;Collect Oil Campaign&#8221;, in force since 2014, which consists of the collection of cooking oil in homes by Ultragaz trucks for the production of biodiesel and biodegradable soap in various parts of Brazil. The Company also initiated a <font style="font-weight: bold;">national action to combat COVID-19</font>, which aims to impact 10 million people in 50 cities in 19 states, together with the startup Criatividade e Entretenimento Educa&#231;&#227;o e Sa&#250;de. This action is called Educational Campaign &#8211; The Boy in the Yellow Mask, whose goal is to take preventive information about the pandemic in a playful manner, mainly for children of the communities served by Ultragaz.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In order to align its strategy with the potential to contribute as an industry leader,<font style="font-weight: bold;"> Ultracargo</font> released its <font style="font-weight: bold;">material</font><font style="font-weight: bold;"> themes </font>and renewed its support for the <font style="font-weight: bold; font-style: italic;">Na </font><font style="font-weight: bold; font-style: italic;">M&#227;o</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Certa</font><font style="font-weight: bold;"> Program</font>. Ultracargo also started an <font style="font-weight: bold;">operational training course</font>, aimed at the community surrounding the new Vila do Conde (PA) terminal, through which residents of the Barcarena region were selected for basic training in the operation of port terminals. Additional initiatives in the eco-efficiency matter include the use of a rainwater reuse system in Vila do Conde (PA) and Itaqui (MA), with a significant reduction in the consumption of treated water, and supply of the Itaqui (MA), Suape (PE), Aratu (BA) and Santos (SP) terminals with renewable energy from solar, wind or biomass.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">Oxiteno</font> holds its position in the Platinum category of <font style="font-weight: bold;">EcoVadis</font><font style="font-weight: bold;"> Sustainability Rating</font>, the highest in the ranking, which is taken <font style="font-weight: bold;">by only 1% of the evaluated companies</font>, being the second Brazilian company to achieve this position. It also won the <font style="font-weight: bold;">Seal of Ethnic-Racial Diversity</font> in the commitment category of the city hall of Salvador. <font style="font-weight: bold;">To continue the implementation </font>of the Strategic Sustainability Plan, Oxiteno carried out the split of sustainability goals into individual goals of top leadership, the implementation of the diversity and quality of life program, <font style="font-weight: bold;">and the assessment of the sustainability performance of almost 70</font><font style="font-weight: bold;">% </font><font style="font-weight: bold;">of </font><font style="font-weight: bold;">its </font><font style="font-weight: bold;">suppliers</font> through the EcoVadis platform in less than a year.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">As a partner,<font style="font-weight: bold;"> </font><font style="font-weight: bold;">I</font><font style="font-weight: bold;">piranga</font> launched the <font style="font-weight: bold;">Pro-</font><font style="font-weight: bold;">Frotas</font><font style="font-weight: bold;"> Carbon Neutral</font> initiative, which will allow fleet companies to calculate their greenhouse gas emissions, generated from the consumption of fuels, and later compensate them with the purchase of carbon credits. On the front of diversity and inclusion, Ipiranga launched its <font style="font-weight: bold;">Internship Program</font> with 50% of the vacancies reserved for black professionals, achieving a higher than expected result. In addition, Ipiranga contributed with <font style="font-weight: bold;">humanitarian actions</font> in the context of worsening pandemic, with the donation of fabric masks, gel alcohol and food vouchers to communities around Ipiranga base in Manaus, in partnership with the NGO <font style="font-style: italic;">Aldeias</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Infantis</font>.</font></p>
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<p style="margin: 0px; line-height: 14pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051273;">Capital markets</font></p>
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<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 financial volume on B3 and NYSE totaled R$ 193 million/day in 1Q21 (-14%). Ultrapar&#8217;s shares ended the quarter quoted at R$ 21.21 on B3, a depreciation of 11% in the quarter, while the Ibovespa stock index fell by 2%. In NYSE, Ultrapar&#8217;s shares decreased by 16% in 1Q21, while the Dow Jones stock index appreciated 8%. Ultrapar ended 1Q21 with a market cap of R$ 24 billion.&nbsp;</font></p>
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<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 market</font><font style="font-weight: bold; color: #262626;">s</font></font></p>
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<p 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;">Q</font><font style="font-weight: bold; color: #262626;">21</font></font></p>
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<p 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;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
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<p 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;">Q</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
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<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;">000</font><font style="font-weight: bold; color: #262626;">) </font></font></p>
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<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;">07</font><font style="font-weight: bold; color: #262626;">7</font></font></p>
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<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;">4</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">919</font></font></p>
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<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>
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<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;">Market capitalization&#185; (R$ million)</font></p>
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<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;">23</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">6</font><font style="font-weight: bold; color: #262626;">51</font></font></p>
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<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;">13</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">970</font></font></p>
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<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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average daily trading volume (000 shares)</font></p>
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<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;">859</font></font></p>
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<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;">902</font></font></p>
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<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>
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<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 </font><font style="color: #262626;">daily </font><font style="color: #262626;">financial volume (R$ 000)</font></font></p>
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<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;">145</font><font style="color: #262626;">,</font><font style="color: #262626;">258</font></font></p>
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<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;">184</font><font style="color: #262626;">,</font><font style="color: #262626;">163</font></font></p>
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<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;">140</font><font style="color: #262626;">,</font><font style="color: #262626;">381</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average share price (R$/share)</font></p>
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<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;">18</font></font></p>
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<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;">60</font></font></p>
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<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>
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<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>
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<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>
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<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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Quantity of ADRs&#178; (000 ADRs)</font></p>
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<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;">49</font><font style="color: #262626;">,</font><font style="color: #262626;">955</font></font></p>
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<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;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">480</font></font></p>
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<td style="width: 17.78%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-top: 0.75pt; padding-right: 0.38pt; padding-left: 0.75pt; vertical-align: bottom; height: 10px;">
<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;">413</font></font></p>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average daily trading volume (000 ADRs)</font></p>
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<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;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">282</font></font></p>
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<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;">935</font></font></p>
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<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>
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<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 </font><font style="color: #262626;">financial</font><font style="color: #262626;"> </font><font style="color: #262626;">volume (US$ 000)</font></font></p>
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<td style="width: 20.1%; border-top: 0.75pt solid #1f497d; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; padding-top: 0.38pt; padding-right: 0.25pt; padding-left: 0.25pt; vertical-align: bottom; height: 30px;">
<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;">733</font></font></p>
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<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;">031</font></font></p>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average share price (US$/ADRs)</font></p>
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<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;">83</font></font></p>
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<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;">6</font><font style="color: #262626;">7</font></font></p>
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<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;">86</font></font></p>
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<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>
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<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>
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<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>
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<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>
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<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average daily trading volume (000 shares)</font></p>
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<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;">141</font></font></p>
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<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;">11</font><font style="color: #262626;">,</font><font style="color: #262626;">836</font></font></p>
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<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>
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<td style="width: 44.3%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-top: 0.75pt; padding-right: 0.25pt; padding-left: 0.38pt; vertical-align: bottom; background-color: #ffffff; height: 30px;">
<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 </font><font style="color: #262626;">financial</font><font style="color: #262626;"> </font><font style="color: #262626;">volume (R$ 000)</font></font></p>
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<td style="width: 20.1%; border-width: 0.75pt 1pt 1pt; border-style: solid; border-color: #1f497d; padding-top: 0.38pt; padding-right: 0.25pt; padding-left: 0.25pt; vertical-align: bottom; background-color: #ffffff; height: 30px;">
<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;">193</font><font style="color: #262626;">,</font><font style="color: #262626;">310</font></font></p>
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<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;">22</font><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">7</font><font style="color: #262626;">71</font></font></p>
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<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;">163</font><font style="color: #262626;">,</font><font style="color: #262626;">786</font></font></p>
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</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;"><font style="font-style: italic; color: #262626;">&nbsp;</font><font style="font-style: italic; color: #262626;"> </font><font style="font-style: italic; color: #262626;">&#185; Calculated </font><font style="font-style: italic; color: #262626;">on the</font><font style="font-style: italic; color: #262626;"> closing</font><font style="font-style: italic; color: #262626;"> share</font><font style="font-style: italic; color: #262626;"> price </font><font style="font-style: italic; color: #262626;">for</font><font style="font-style: italic; color: #262626;"> 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;"><font style="font-style: italic; color: #262626;">&nbsp;</font><font style="font-style: italic; color: #262626;"> &#178; 1 ADR = 1 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-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 &#8211; </font><font style="font-weight: bold; color: #404040;">1</font><font style="font-weight: bold; color: #404040;">Q</font><font style="font-weight: bold; color: #404040;">2</font><font style="font-weight: bold; color: #404040;">1</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;">(Dec 30, 2020 = </font><font style="font-weight: bold; color: #404040;">100)</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="height: 0pt; text-align: left; display: block; position: absolute; z-index: -1;"><img src="imgddy1zsprljn06353170.jpg" style="margin-top: 233.87pt; margin-left: 67.8pt; -aw-left-pos: 39.45pt; -aw-rel-hpos: margin; -aw-rel-vpos: page; -aw-top-pos: 695.7pt; -aw-wrap-type: none; position: absolute;" alt="Image9"></font><font style="height: 0pt; text-align: left; display: block; position: absolute; z-index: 1;"><img src="imgqzx42c20are06353170.jpg" style="margin-top: 85.31pt; margin-left: -70.23pt; -aw-left-pos: -117.71pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 104.44pt; -aw-wrap-type: none; position: absolute;" alt="Image10"></font><img src="imgdv4ks0d4yf406353170.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: 0pt; margin-bottom: 10pt; text-align: center; font-size: 8pt;"><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; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp; <img src="imgulp55y41ezm06353170.jpg" style="margin-top: -1pt; margin-right: 9pt; margin-left: 8pt; -aw-left-pos: 436.2pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 180.75pt; -aw-wrap-type: square; float: left;" alt="Image12">&nbsp;&nbsp; &nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>141</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-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>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img2zj1o4h2l4d06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></font></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgjpuo5uhzdzk06353170.jpg" style="float: right;" alt="Graphics"></font></td>
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<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<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: #051273;">1Q21</font><font style="font-weight: bold; color: #051273;"> Conference Call</font></font></p>
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<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar will host a conference call for analysts and investors on May 6, 2021 to comment on the Company&#8217;s performance in the first quarter of 2021 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: 9.5pt;"><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 access link is available at ri.ultra.com.br. Please connect 10 minutes in advance.&nbsp;&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051273; font-size: 10pt;">Conference call in Portuguese with simultaneous translation into English</font></p>
<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: #051273;">Time: 11:00 a.m. (BRT) / 10:00 a.m. (E</font><font style="font-weight: bold; color: #051273;">D</font><font style="font-weight: bold; color: #051273;">T)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt;"><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: 9.5pt;"><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: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Participants in Brazil</font><font style="font-weight: bold; color: #262626;">:</font><font style="color: #262626;"> </font><font style="color: #262626;">+55 (11) 3181-8565 o</font><font style="color: #262626;">r</font><font style="color: #262626;"> +55 (11) 4</font><font style="color: #262626;">210</font><font style="color: #262626;">-</font><font style="color: #262626;">1803</font></font></p>
<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;">C</font><font style="font-weight: bold; color: #262626;">ode</font><font style="font-weight: bold; color: #262626;">:</font><font style="color: #262626;"> Ultra</font><font style="color: #262626;">par</font><font style="color: #262626;"> &#8211;</font><font style="color: #262626;"> in Portuguese</font></font><br><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
<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;">Replay:</font><font style="color: #262626;"> +55 (11) </font><font style="color: #262626;">3193-1012</font><font style="color: #262626;"> </font><font style="color: #262626;">o</font><font style="color: #262626;">r</font><font style="color: #262626;"> +55 (11) 2820-4012 </font><font style="color: #262626;">(</font><font style="color: #262626;">available for seven days</font><font style="color: #262626;">)</font></font></p>
<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;">C</font><font style="font-weight: bold; color: #262626;">ode</font><font style="font-weight: bold; color: #262626;">:</font><font style="color: #262626;"> </font><font style="color: #262626;">3167603</font><font style="color: #262626;">#</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt;"><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: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">International participants</font><font style="font-weight: bold; color: #262626;">:</font><font style="color: #262626;"> </font><font style="color: #262626;">+1 (844) 204-8942 o</font><font style="color: #262626;">r</font><font style="color: #262626;"> +1 (412) 717-9627</font></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-size: 10pt;"><font style="font-weight: bold; color: #262626;">C</font><font style="font-weight: bold; color: #262626;">ode</font><font style="font-weight: bold; color: #262626;">: </font><font style="color: #262626;">Ultra</font><font style="color: #262626;">par</font><font style="color: #262626;"> &#8211; </font><font style="color: #262626;">in English</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
<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;">Replay:</font><font style="color: #262626;"> </font><font style="color: #262626;">+55 (11) 3193-1012</font><font style="color: #262626;"> </font><font style="color: #262626;">o</font><font style="color: #262626;">r</font><font style="color: #262626;"> +55 (11) 2820-4012</font><font style="color: #262626;"> </font><font style="color: #262626;">(</font><font style="color: #262626;">available for seven days</font><font style="color: #262626;">)</font></font></p>
<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;">C</font><font style="font-weight: bold; color: #262626;">ode</font><font style="font-weight: bold; color: #262626;">:</font><font style="color: #262626;"> </font><font style="color: #262626;">9792937#</font></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: 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: center; 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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>142</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin-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>
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<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgyihfz23ojil06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></font></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img5r1zjiad1qm06353170.jpg" style="float: right;" alt="Graphics"></font></td>
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<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>
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<td colspan="7" height="19" width="833" style="height: 14px; width: 626pt; 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-size: 9pt; font-family: 'times new roman', times;">ULTRAPAR</font></td>
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<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-size: 9pt; font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</font></td>
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<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-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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>
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<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;"><font style="font-size: 9pt; 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;"><font style="font-size: 9pt; 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;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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;"><font style="font-size: 9pt; 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;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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;"><font style="font-size: 9pt; 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;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
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<td height="12" style="height: 10px; 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: 10px;"><font style="font-size: 9pt; 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: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 10px;"><font style="font-size: 9pt; 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: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 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: 10px;"><font style="font-size: 9pt; 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: 10px;"></td>
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<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-size: 9pt; 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>
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<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-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>3,933.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,494.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>3,553.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,460.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,033.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>4,240.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,629.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,868.1</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>4,491.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,394.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,846.2</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,482.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,436.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,410.9</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>162.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>157.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>132.1</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>490.9</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>473.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>478.9</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>61.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>83.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>58.1</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>18,416.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,129.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,489.1</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: 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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,014.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,294.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>977.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>468.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>401.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>491.5</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,061.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>916.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>974.7</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,730.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,085.9</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,736.0</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>950.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>957.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>949.8</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>59.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>62.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>70.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,270.6</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,065.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,227.4</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>236.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>197.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>227.5</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>169.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>171.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>167.5</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>2,125.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,069.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,150.3</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>8,176.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,884.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,005.9</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>1,792.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,780.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,782.7</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>19,054.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,886.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,761.1</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; 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-size: 9pt; 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; text-align: right; height: 5px;"></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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 15px;"><font style="font-size: 9pt; font-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>37,471.2</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; text-align: right; height: 15px;"><font style="font-size: 9pt; 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; text-align: right; height: 15px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33,015.9</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; text-align: right; height: 15px;"><font style="font-size: 9pt; 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; text-align: right; height: 15px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 9px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 9px;"><font style="font-size: 9pt; 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; text-align: right; 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-size: 9pt; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>2,277.9</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,529.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,306.0</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>971.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>276.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>949.9</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>4,526.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,405.3</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,040.7</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>384.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>340.1</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>468.6</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>440.9</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>343.1</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>455.3</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>263.1</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>230.5</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>260.2</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>354.6</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>319.2</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>760.1</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>9,218.6</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,444.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,240.8</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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="517" style="height: 14px; width: 388pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>9,329.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,771.5</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,526.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,027.8</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; text-align: right; height: 12px;"><font style="font-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,384.2</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; text-align: right; height: 12px;"><font style="font-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,594.2</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>859.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>887.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>854.4</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>259.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>245.8</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>257.6</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; font-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>1,530.7</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; text-align: right; height: 12px;"><font style="font-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,473.8</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; text-align: right; height: 12px;"><font style="font-size: 9pt; 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; text-align: right; height: 12px;"><font style="font-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>284.1</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>307.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>293.7</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>18,290.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,069.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,099.1</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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>27,508.6</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,514.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26,339.9</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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 9px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 9px;"><font style="font-size: 9pt; 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; text-align: right; 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-size: 9pt; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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; text-align: right; 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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>5,008.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,595.4</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,006.7</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>(107.2)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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>(165.1)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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>(155.6)</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>379.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>385.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>376.5</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>9,962.6</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,501.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,910.3</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-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>37,471.2</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33,015.9</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</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-size: 9pt; 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; text-align: right; height: 5px;"></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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; height: 5px;"></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; text-align: right; height: 5px;"><font style="font-size: 9pt; 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; text-align: right; 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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>8,501.0</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,248.7</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,672.2</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,606.3)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16,962.0)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,376.2)</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-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>(1,793.8)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,704.2)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,833.3)</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-size: 9pt; 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-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,899.0)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,417.6)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,537.3)</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-size: 9pt; 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; text-align: right; height: 2px;"></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; text-align: right; height: 2px;"><font style="font-size: 9pt; 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; text-align: right; height: 2px;"></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; text-align: right; height: 2px;"><font style="font-size: 9pt; 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; text-align: right; height: 2px;"></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-size: 9pt; font-family: 'times new roman', times;">Net cash (debt) ex-IFRS 16&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; background: white; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,105.2)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,713.3)</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; text-align: right; height: 14px;"><font style="font-size: 9pt; 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; text-align: right; height: 14px;"><font style="font-size: 9pt; font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,704.1)</font></td>
</tr>

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

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

</table>
<hr 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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgtqtm4mcak5z06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></font></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgwqi2xwk3vil06353170.jpg" style="float: right;" alt="Graphics"></font></td>
</tr>

</table>
<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>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 780px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td colspan="7" height="19" width="782" style="height: 14px; width: 587pt; 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; font-size: 9pt;">ULTRAPAR</font></td>
</tr>
<tr style="height: 15px;">
<td colspan="7" 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; font-size: 9pt;">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; font-size: 9pt;">&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; font-size: 9pt;">&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; font-size: 9pt;">&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; font-size: 9pt;">&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; font-size: 9pt;">&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; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 11px;">
<td height="38" style="height: 11px; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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: 11px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; background: #f2f2f2; height: 11px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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; background: white; height: 11px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; background: #f2f2f2; height: 11px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 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; background: white; height: 11px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; background: #f2f2f2; height: 11px; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></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; font-size: 9pt;">&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; background: white; text-align: right; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; background: white; text-align: right; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; 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; font-size: 9pt;">&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: 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; background: white; text-align: right; height: 3px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 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; background: white; text-align: right; height: 3px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; 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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,950.3</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21,387.1</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,215.7</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; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(22,234.4)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19,977.2)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(21,702.7)</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; font-size: 9pt;">&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; text-align: right; height: 10px;"></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; text-align: right; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 10px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,715.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,409.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,513.0</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; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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; font-size: 9pt;">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; 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; 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; 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; 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; text-align: right; height: 14px;"></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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(658.5)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(644.9)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(677.9)</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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(468.7)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(409.9)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(459.6)</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; font-size: 9pt;">&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; font-size: 9pt;">&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; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>123.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.1</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.1</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.2</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; font-size: 9pt;">&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: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; height: 5px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>584.4</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>486.0</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>522.8</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; font-size: 9pt;">&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: 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"></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-size: 9pt;"><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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>61.6</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>182.1</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.9</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-size: 9pt;"><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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(395.2)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(349.7)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.4)</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; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.2)</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.1)</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; 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-size: 9pt;">&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: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 10px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-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: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 10px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-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: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 10px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.4</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>306.0</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>646.2</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; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"></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-size: 9pt;"><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; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.2)</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.3)</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(283.1)</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-size: 9pt;"><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; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.4</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.8)</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.1</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-size: 9pt;"><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; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.7</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.0</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; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.3</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; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>137.4</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</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; font-size: 9pt;">&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: 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"></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-size: 9pt;"><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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.2</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>426.0</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; font-size: 9pt;"><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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.3</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.0</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.5</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: 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; font-size: 9pt;">&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: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; 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; background: white; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: right; height: 5px;"></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; font-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>996.3</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>879.8</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</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; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>380.9</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>386.6</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>391.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.3</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.6</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</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; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>293.8</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>350.1</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; 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-size: 9pt;"><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>
</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; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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; font-size: 9pt;">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; 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; 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; 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; 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; text-align: right; height: 14px;"></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; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; 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; text-align: right; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 5px;"></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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.12</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; 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-size: 9pt;"><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: #262626; font-size: 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-size: 9pt;"><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>
</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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.01</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.02</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; 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-size: 9pt;"><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; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.19</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.20</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; 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-size: 9pt;"><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>
</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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.18</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.12</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.83</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-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.31</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.27</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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; font-size: 9pt;">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; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.33</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.19</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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>na<font style="mso-spacerun: yes;">&nbsp;</font></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-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">7.2%</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.6%</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.5%</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-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2.4%</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2.3%</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-size: 9pt;">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; font-size: 9pt;">&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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">4.2%</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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; text-align: right; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">4.1%</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; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 4px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; 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; background: white; text-align: right; height: 4px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right; height: 4px;"></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; font-size: 9pt;">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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,304</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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,887</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; 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; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,946</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>
</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>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; 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; font-size: 9pt;">&#185; Includes amortization with contractual assets with customers &#8211; exclusive rights</font></td>
<td style="padding: 0px; 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; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding: 0px; 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; height: 14px;"></td>
<td style="padding: 0px; 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; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding: 0px; 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; height: 14px;"></td>
<td style="padding: 0px; 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; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding: 0px; 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; height: 14px;"></td>
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<tr style="height: 0px;">
<td colspan="7" rowspan="2" height="36" width="782" style="height: 48px; width: 587pt; padding: 0px; color: #000000; font-size: 8pt; 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; font-size: 9pt;">&#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="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#179; LTM adjusted EBITDA does not consider impairment of Extrafarma&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">for 1Q20</font><br></p>
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<tr style="height: 48px;"></tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; 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;">
<p><br></p>
<p><font style="font-family: 'times new roman', times; font-size: 9pt;"><br></font></p>
</td>
<td style="padding: 0px; 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; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; 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; height: 14px;"></td>
<td style="padding: 0px; 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; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; 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; height: 14px;"></td>
<td style="padding: 0px; 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; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; 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; height: 14px;"></td>
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<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>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>144</font></font></td>
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<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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgi1qkir1fxfb06353170.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgj5zeiqmsdp506353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 1236px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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;"></td>
<td colspan="5" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">ULTRAPAR</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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;"></td>
<td colspan="5" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">CONSOLIDATED CASH FLOW</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-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; height: 14px;"></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: center; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; text-align: center; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 14px;"></td>
</tr>
<tr style="height: 18px;">
<td colspan="2" height="24" style="border: 1pt solid #bfbfbf; height: 18px; padding-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: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais&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; text-align: center; background: white; height: 18px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 18px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">JAN - MAR<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: 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: 18px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 18px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">JAN - MAR<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 16px;"></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; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2021</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; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2020</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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>
</tr>
<tr style="height: 10px;">
<td height="19" style="height: 10px; 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; background: #f2f2f2;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net income for the period</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>137.4</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; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-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; width: 2%;"></td>
<td style="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; height: 14px; width: 76%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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: 10%; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.2</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; height: 14px; width: 1%; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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: 10%; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>82.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.3</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>245.4</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>225.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.3</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.5</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>424.8</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>505.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.4)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>28.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6.9)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.9</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.6)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.6</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.2)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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;">&nbsp;</td>
<td style="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; background: white; height: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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;">&nbsp;</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; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>988.1</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,141.5</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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;">&nbsp;</td>
<td style="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; background: white; height: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">(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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(372.0)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>416.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(640.8)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>328.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(71.7)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6.6)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(42.9)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.7)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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: #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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>413.3</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(309.6)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.0)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.6)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.2</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.1)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15.1)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.0)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.5)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">(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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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: #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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.2</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.3</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(213.6)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(35.7)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.9</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; 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: #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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.3)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.8)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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: 14px;">
<td height="19" colspan="2" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(35.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(145.4)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.2)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(95.4)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(38.8)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net cash provided by operating activities</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>932.0</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" colspan="2" 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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: #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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,719.6</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(143.3)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(247.8)</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(177.4)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(31.9)</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(43.2)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: 13px;">
<td height="18" style="height: 13px; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: 14px;">
<td height="19" style="height: 14px; 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: 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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.7</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net cash provided by (used in) investing activities</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,442.4</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(344.2)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" colspan="2" style="height: 14px; 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; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-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: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-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;"></td>
<td style="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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>463.0</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>240.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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;"></td>
<td style="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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(126.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(89.5)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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;"></td>
<td style="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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(50.5)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(90.4)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Payments of leases&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(122.2)</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; height: 14px; 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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(85.7)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(477.4)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(260.6)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net cash provided by (used in) financing activities</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(313.7)</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(285.5)</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.6</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.4</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Increase (decrease) in cash and cash equivalents</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,271.7</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>378.6</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cash and cash equivalents at the beginning of the period</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,115.4</font></td>
</tr>
<tr style="height: 8px;">
<td height="11" style="height: 8px; 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: 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; height: 8px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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: 8px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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; height: 8px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 8px; 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: 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;" colspan="2"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cash and cash equivalents at the end of the period</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,933.2</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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,494.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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" colspan="2" style="height: 14px; 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; font-size: 9pt;">Transactions without cash effect:&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-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: 6px;">
<td height="9" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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; 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; height: 6px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" colspan="2" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>58.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>169.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" colspan="2" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>72.2</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><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: 13px;">
<td height="18" colspan="2" 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: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-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: middle; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-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: 15px;">
<td height="21" colspan="2" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#185; Includes R$ 29 million related to the grant of Ultracargo's terminal in Vila do Conde in 1Q21</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><br></td>
</tr>

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

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

</table>
<hr 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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgnw5pagxi23r06353171.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imguogn2hegije06353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 753px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="778" style="height: 13px; width: 584pt; padding-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; font-size: 9pt;">ULTRAGAZ</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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: 28px;"></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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: #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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">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>
</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>398.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>386.5</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.0</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109.6</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>139.0</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.1</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.2</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.3</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>219.6</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.7</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>105.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.7</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,084.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,001.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,082.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,167.7</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; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,993.0</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; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,128.3</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 9px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 9px; 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; background: white; height: 9px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 9px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; font-size: 9pt;">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; 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; height: 14px; 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; 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; 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; text-align: right;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>101.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>89.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>103.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.7</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; 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-size: 9pt;"><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: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>129.3</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-size: 9pt;"><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; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</font></td>
</tr>
<tr style="height: 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>144.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.6</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.3</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: 400; font-style: normal; text-decoration: none; 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>528.8</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; 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: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>539.7</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; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>567.6</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: 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; 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>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;">&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>
</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;">&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>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; 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; height: 13px;"></td>
</tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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; height: 10px;">&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: 10px;">&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: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;">&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: 10px;"></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="10" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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>
</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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 14px;"></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: 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; font-size: 9pt;">&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; height: 14px;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,037.8</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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,761.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,968.6</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,811.9)</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,522.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,708.1)</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>225.9</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.5</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(96.2)</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(106.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(108.2)</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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(50.5)</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(47.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.7)</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" 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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 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: 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: 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; background: white; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; 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; font-size: 9pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
</tr>
<tr style="height: 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.1</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.4</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.9</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">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: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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="height: 5px;">
<td height="7" style="height: 5px; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.2</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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Depreciation and amortization&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.8</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>61.5</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>557</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>566</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>612</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>216</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>218</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>370</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>349</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>363</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="475" style="height: 5px; width: 356pt; 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; font-size: 9pt;">&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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,445</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,420</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,397</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 14px;">
<td height="19" style="height: 14px; 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; font-size: 9pt;">&#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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 10pt; font-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: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>

</table>
<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><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'>146</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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="img4zwpy4ikwme06353171.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgg2o01iy2gnd06353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 745px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="793" style="height: 13px; width: 596pt; padding-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; font-size: 9pt;">ULTRACARGO</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="border-left: none; 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: 1pt solid #bfbfbf; border-bottom: 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: #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; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">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>
</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.4</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.2</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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="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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&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; 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-size: 9pt;"><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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.0</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>472.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>466.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,535.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,320.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,463.5</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: 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: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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="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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,103.3</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; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,878.9</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; background: white; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,024.2</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; font-size: 9pt;">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; 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; height: 14px; 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; 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; 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; text-align: right;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.2</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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: 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&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: 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.0</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>416.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>422.7</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>437.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>69.0</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>96.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>95.3</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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; 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;"><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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>582.5</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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>593.4</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; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>671.3</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; 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 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: 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: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 0px;">
<td colspan="7" rowspan="2" height="35" width="793" style="height: 38px; width: 596pt; 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: top; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#185; Includes the long term obligations with clients account</font></td>
</tr>
<tr style="height: 38px;"></tr>
<tr style="height: 12px;">
<td height="17" width="490" style="height: 12px; width: 368pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 12px;"></td>
<td width="89" style="width: 67pt; 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; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="490" style="height: 14px; width: 368pt; 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: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; height: 14px;"></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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" width="490" style="height: 14px; width: 368pt; 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: left; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; height: 14px;"></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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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>
</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-size: 9pt;"><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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>166.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(68.8)</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.8)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>103.3</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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>100.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.0)</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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&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: #262626; font-size: 10pt; 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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.2)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.3)</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.7</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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.8</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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="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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.5</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.3</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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>
</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><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; font-size: 9pt;">&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; font-size: 9pt;">60.0%</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; font-size: 9pt;">61.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; font-size: 9pt;">55.5%</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-size: 9pt;"><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; font-size: 9pt;">&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; font-size: 9pt;">40.0%</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; font-size: 9pt;">43.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; font-size: 9pt;">33.0%</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-size: 9pt;"><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; font-size: 9pt;">&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; font-size: 9pt;">53.8%</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; 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; font-size: 9pt;">55.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; font-size: 9pt;">46.4%</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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees&nbsp;&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>917</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>809</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>926</font></td>
</tr>

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

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

</table>
<hr 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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgqj2dw1sglha06353171.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgs5oliwr3hy406353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 803px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="775" style="height: 13px; width: 582pt; padding-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; font-size: 9pt;">OXITENO</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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; 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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;"></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-size: 9pt;"><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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="border-left: none; 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: 1pt solid #bfbfbf; border-bottom: 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: #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; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">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>
</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>869.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>700.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>875.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,238.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>829.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,034.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>693.4</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>712.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>741.7</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148.1</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>164.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>157.9</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.2</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,979.8</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,948.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,881.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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="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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,972.9</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: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,392.2</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,736.7</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; 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: #000000; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; font-size: 9pt;">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; 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; height: 14px; 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; 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; 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; text-align: right;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>984.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>469.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>714.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>111.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.5</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>50.3</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.8</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>49.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.9</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.8</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.1</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.4</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: 400; font-style: normal; text-decoration: none; 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,285.2</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>721.0</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.7</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: 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;">&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>
<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: 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: 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;">&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>
<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: 13px;">&nbsp;</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; text-align: left; 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; height: 13px;">&nbsp;</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: 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: 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;">&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>
<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: 13px;">&nbsp;</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; 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; height: 13px;">&nbsp;</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: 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: 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: #000000; font-size: 10pt; font-weight: 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: bold; 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 colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 7px;">
<td height="10" style="height: 7px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 11px;">
<td height="15" style="height: 11px; 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: 11px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 11px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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: 11px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 11px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 11px;"></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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,436.4</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-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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,107.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,476.8</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(905.9)</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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(729.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,009.4)</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-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(144.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(102.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.7)</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-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(54.2)</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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(52.3)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>331.5</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-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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>231.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>290.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(100.7)</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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(106.8)</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-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(122.8)</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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(109.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(120.6)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.5</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 style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>85.2</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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.0)</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109.8</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: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>143.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="6" 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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: 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-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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="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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>226.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>192.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: windowtext; font-size: 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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.9</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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: windowtext; font-size: 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-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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>
</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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,834</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,279</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,424</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>335</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>287</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>264</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>607</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>601</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>702</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>111</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>135</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>130</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,255</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,066</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,284</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>229</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238</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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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 style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,873</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,813</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,851</font></td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>148</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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgdsonptnxhoe06353171.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="img0esr55sxdvm06353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 798px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="793" style="height: 13px; width: 596pt; padding-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; font-size: 9pt;">IPIRANGA</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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;"></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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: #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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">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>
</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,903.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,431.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,546.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>436.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>388.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>460.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,580.4</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,910.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,144.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,495.9</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>946.2</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,412.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,756.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,533.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,700.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>508.3</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>539.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>503.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,090.0</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,002.4</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,106.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,572.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,615.8</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,579.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 10pt; 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: 10pt; 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: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: #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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14,342.6</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: middle; 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: 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: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,368.8</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: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,454.7</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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;"></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; font-size: 9pt;">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; 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; height: 14px; 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; 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; 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; text-align: right;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,162.0</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,575.5</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,886.9</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.8</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>265.0</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>235.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>242.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>183.4</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>301.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>334.0</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>309.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>754.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>642.5</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>766.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>323.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>275.7</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>259.4</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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,141.8</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; 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: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,292.3</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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,766.7</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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 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: 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: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 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: 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: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 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: 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: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">CONSOLIDATED 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: #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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; 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: 7px;">
<td height="10" style="height: 7px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 7px;"></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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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: 15px;"></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; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; height: 15px;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,845.0</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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,899.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,115.9</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: 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; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 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: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,947.8)</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,204.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,414.3)</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: 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; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 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: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>897.2</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-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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>695.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>701.5</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: 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; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 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: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: #262626; font-size: 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-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(305.4)</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(307.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(316.0)</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(181.7)</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; 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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.3)</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.1</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.8</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>46.7</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>396.0</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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>279.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>299.0</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>563.0</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; font-size: 9pt;">&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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Depreciation and amortization&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>173.4</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; 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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>190.2</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: 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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; 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: #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; height: 13px;"></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: 10pt; font-weight: 400; font-style: normal; text-decoration: none; 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>127</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>121</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>74</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><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; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>51</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>105</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">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; height: 13px; 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">2.5%</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="490" style="height: 5px; width: 368pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="12" style="width: 9pt; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; 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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,106</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="490" style="height: 5px; width: 368pt; 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 width="12" style="width: 9pt; 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; height: 5px;"></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; 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; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"></td>
<td width="12" style="width: 9pt; 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; height: 5px; text-align: right;"></td>
<td width="89" style="width: 67pt; 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; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,626</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,341</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,378</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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: #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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; 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: #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; font-size: 9pt;">&#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; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: 10pt; font-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-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-align: center; 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"><font class='pageno'>149</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: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 21px;">

<tr style="height: 21px;">
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="imgwbjm1zb14i006353171.jpg" style="margin: 0pt; float: left;" alt="Image2"></td>
<td style="width: 50%; height: 21px; vertical-align: bottom;" valign="bottom"><img src="img3gk4ju4rsdz06353171.jpg" style="float: right;" alt="Graphics"></td>
</tr>

</table>
<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>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 725px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="7" height="18" width="781" style="height: 13px; width: 587pt; padding-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; font-size: 9pt;">EXTRAFARMA</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="7" 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; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 21<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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td width="89" style="border-left: none; 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: 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 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: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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; font-size: 9pt;">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>
</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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.2</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.3</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>506.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>538.7</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>520.6</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>241.4</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>223.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.6</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
</tr>
<tr style="height: 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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>378.2</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>415.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>383.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>476.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>526.5</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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>488.3</font></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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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="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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,671.6</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: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,807.7</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: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,696.7</font></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;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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; font-size: 9pt;">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; 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; height: 14px; 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; 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; 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; text-align: right;"></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; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>184.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>232.2</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.8</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.1</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.2</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.7</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.6</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.5</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.6</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.3</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.9</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>390.5</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>412.9</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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>392.1</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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.8</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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>664.6</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: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>759.1</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: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>720.8</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; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; height: 13px; 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: 13px; 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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; 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: 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: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&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; height: 13px; 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: 13px; 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; height: 13px; 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: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; 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: 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; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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 colspan="7" 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; background: white; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #1f497d; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">CONSOLIDATED INCOME STATEMENT</font></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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; 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: windowtext; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 28px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; background: #f2f2f2; height: 28px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q21<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; height: 28px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; background: #f2f2f2; height: 28px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 28px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 28px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 17px;">
<td height="23" style="height: 17px; 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; height: 17px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 17px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: 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; height: 17px; 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: 17px; 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: 17px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 17px; 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: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>517.2</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-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; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>520.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>548.0</font></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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&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: #262626; font-size: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.0)</font></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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>489.8</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-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; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>493.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>518.9</font></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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(345.9)</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; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(348.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(363.3)</font></td>
</tr>
<tr style="height: 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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>143.8</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-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; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>144.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.6</font></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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&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: 10pt; 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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(174.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.9)</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.5)</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; 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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.2)</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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; 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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><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: 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;"></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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.8)</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-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; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.7)</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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; 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: middle; 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: middle; 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: middle; border: none; white-space: nowrap; background: white; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; 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: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.5</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-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; font-size: 9pt;">&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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</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: 10pt; font-weight: 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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;"><font style="font-family: 'times new roman', times; font-size: 9pt;">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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.3</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-size: 9pt;"><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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.7</font></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: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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; font-size: 9pt;">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; 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>
</tr>
<tr style="height: 4px;">
<td height="6" style="height: 4px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; 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-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; 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: 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; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">27.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: #262626; font-size: 10pt; 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-size: 9pt;">27.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">28.4%</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">(5.0%)</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 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(5.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: #262626; font-size: 10pt; 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-size: 9pt;">(0.7%)</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;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><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; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;">2.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: '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: #262626; font-size: 10pt; 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-size: 9pt;">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; height: 13px; 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; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.2%</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" width="478" style="height: 5px; 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; font-size: 9pt;">&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; height: 5px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; 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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&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; height: 5px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,948</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; 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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,108</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,921</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: #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: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><br></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#185; Calculated based on gross revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: '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: 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: #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: 13px;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #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: 13px;"></td>
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</table>
<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>
<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><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>150</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: 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; font-size: 10pt;">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; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: May 5, 2021<font style="width: 19.11pt; 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></p>
<p style="margin-top: 0pt; margin-left: 70.8pt; margin-bottom: 10pt; text-indent: 35.4pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin-top: 0pt; margin-left: 106.2pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">By: /s/ Rodrigo de Almeida Pizzinatto______________________</font></p>
<p style="margin-top: 0pt; margin-left: 70.8pt; margin-bottom: 10pt; text-indent: 35.4pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Name: Rodrigo de Almeida Pizzinatto</font></p>
<p style="margin-top: 0pt; margin-left: 70.8pt; margin-bottom: 10pt; text-indent: 35.4pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Title: Chief Financial and Investor Relations Officer</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-size: 10pt;">&nbsp;</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-size: 10pt;"><font style="font-style: italic;">(</font><font style="font-style: italic;">Parent and Consolidated Interim Fin</font><font style="font-style: italic;">ancial Information as of and the Three-month period Ended March 31, 2021 and Report on Review of Interim Financial Information</font><font style="font-style: italic;">, 1</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">2</font><font style="font-style: italic;">1</font><font style="font-style: italic;"> Earnings Release</font><font style="font-style: italic;">)&nbsp;</font></font></p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
